US crude oil inventories declined to 456.5m barrels (13 Oct.), down 2.6% y-o-y

US crude oil inventories declined to 456.5m barrels as of 13 October, down 1.2% w-o-w and down 2.6% y-o-y. Gasoline stocks totalled 222.3m barrels, up 0.4% w-o-w but still were 2.5% lower y-o-y.

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US oil production declined to 8.4m barrels per week during the week ending on 13 October, down 11.3% w-o-w and down 0.7% y-o-y. This is the first annual decrease since the last week of February when the oil output declined to 9.m barrels, down 0.5% y-o-y.

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Source: EIA