US oil inventories decline for the fifth week as Brent slips below $101
According to the EIA, US commercial crude oil inventories for the week ending October 30 fell to 409.8 million barrels — 4% below the five-year average. Distillate inventories dropped to their lowest level since May 2003, while production and refining are growing. Despite the depletion of storage, prices declined on November 4: Brent fell to $100.69.
Otabek Yusupov