US crude oil inventory draws likely resumed during the week ended Jan. 22 as refinery runs continued to normalize, an S&P Global Platts analysis showed Jan. 25. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now US commercial inventories are expected to have declined 1.7 million barrels to around 484.9 million barrels last week, according to analysts surveyed by Platts. The counter-seasonal draw down would leave stockpiles around 8% above the five-year average of US Energy Information Administration data, in from 9.3% the week prior and marking the narrowest supply overhang since late November. The drawdown comes amid a continued normalization of refinery runs. Total refinery utilization is expected to decline to 81.8% of capacity, down 0.7 percentage point on the […]