Crude, Gasoline Draw Props up Oil Prices

U.S. crude oil inventories fell by 3.169 million barrels in the week ending July 18, the Energy Information Administration (EIA) reported on Wednesday, broadly confirming the earlier API estimate but with a steeper decline. Analysts had expected a more modest draw, reinforcing signs of strong refining activity and steady demand amid peak summer travel. At 10:00 a.m. Central Time, Brent crude was trading at $68.22, down $0.37 (-0.54%) on the day, while WTI was down $0.36 (-0.55%) at $64.95 per barrel.