Crude inventories dropped 2.7 million barrels in the week to Oct. 6, slightly more than analysts’ expectations in a Reuters poll for a decrease of 2 million barrels. Sponsored Inventories have been declining in recent weeks, after an interruption due to Hurricane Harvey that knocked out nearly half of the Gulf Coast’s refining capacity at the end of August. Refinery crude runs rose by 229,000 barrels per day as utilization rates rose by 1.1 percentage points to 89.2 percent of total capacity, the EIA data showed. “The report is supportive given the larger than expected decline in crude […]