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The EIA reported a larger-than-expected 3.2 million barrel drop in US crude oil inventories to 424.1 million barrels, while gasoline stocks unexpectedly rose by 0.4 million barrels to 204.7 million and distillate inventories held near 105.1 million barrels.
EIA reports crude stocks down 3.2M barrels; exports rose to 4.77M bpd and refinery runs climbed. Gulf and Midwest gasoline inventories are unusually low and Hurricane Isaias could further disrupt supply.
Commercial crude oil stocks, not including the SPR, came in at 424.134 million barrels on October 2, the EIA revealed.