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U.S. Department of Energy Crude Oil Inventories Report
The U.S. Department of Energy reported crude oil inventories at -3.060 million barrels as of October 16, with an estimated reduction of -340 thousand barrels. Distillate inventories increased by 1.675 million barrels, while Cushing, Oklahoma crude inventories rose by 987.000 barrels. Gasoline inventories decreased by 2.952 million barrels, and refinery utilization decreased by 0.10% from the previous week.