US crude inventories declined in the week ended Sept. 14 as refinery demand rebounded following Hurricane Laura and imports flagged, US Energy Information Administration data showed Sept. 16. Commercial crude inventories declined 4.39 million barrels during the week ended Sept. 11 to 496.05 million barrels, EIA said, putting stockpiles 13.3% above the five-year average, in from 14.4% the week prior. Crude stocks fell in all regions outside of the Rockies, but the draw was centered on the US Gulf Coast, where inventories drew 2.78 million barrels lower to 266.62 million barrels. NYMEX October WTI settled $1.88 higher at $40.16/b and ICE November Brent was up $1.69 on the […]