Despite a notable 6.9 million-barrel drop in US commercial crude inventories last week, as reported by the EIA, and discussions within OPEC+ about delaying planned supply hikes originally set for October, market sentiment remained subdued.
US crude oil inventories fell sharply last week to their lowest level since September 2023, driven by a significant reduction in imports, while gasoline stockpiles edged higher as the summer driving season drew to a close