A day after the American Petroleum Institute gave oil bulls a cause for celebration with an estimated 8.636-million-barrel inventory decline for the week to September 7, the Energy Information Administration added to the optimism by reporting a draw of 5.3 million barrels. At 396.2 million barrels, the authority said, crude oil inventories were within seasonal limits. Refineries processed 17.9 million barrels daily last week, the EIA also said, producing 10.4 million bpd of gasoline and 5.5 million bpd of distillate. This compares with 10.2 million bpd of gasoline a week earlier, and 5.4 million bpd of distillate. Gasoline inventories added 1.3 million barrels in the week to September 7, and distillate inventories rose by 6.2 million barrels. A week earlier, gasoline inventories gained 1.8 million barrels and distillate inventories added 3.1 million barrels. More fuel inventory builds are on the way as refineries begin maintenance season ahead of winter, […]