U.S. Crude Stocks Fall Sharply as Refineries Ramp Up Runs
U.S. crude inventories declined by 8.3 million barrels to 418.2 million barrels in the latest weekly report from the EIA, a larger draw than analysts anticipated. Refinery activity increased, while gasoline stocks edged down and distillates rose unexpectedly versus forecasts. The data highlights differences between market expectations and actual su…