Crude oil prices on Wednesday rose after the Energy Information Administration reported a crude oil inventory decline of one million barrels for the week to October 16.
According to the EIA report, it came a day after the American Petroleum Institute pressured prices by reporting an unexpected build in inventories at a little over half a million barrels.
In gasoline, the EIA reported an inventory increase of 1.9m barrels for the week to October 16, which compared with a draw of 1.6m barrels that helped stabilise prices temporarily.
Gasoline production last week averaged 8.9m bpd, compared with 9.2m bpd a week earlier.
In distillate fuels, the authority reported an inventory fall of 3.8m barrels for last week. This compared with a weighty draw of 7.2m barrels reported for the previous week.
Distillate fuel production averaged 4.1m bpd last week, compared to 4.3m bpd a week earlier.
Refinery runs averaged 13m barrels daily, compared to 13.6m bpd a week earlier, operating at 72.9 per cent of capacity, versus 75.1 per cent of capacity during the previous week.