A post by @FirstSquawk on X.

US crude oil inventories fell by 865,000 barrels in the latest reporting week, a smaller draw than the prior week's 1.892 million-barrel decline but still exceeding analysts' consensus estimate of a 377,500-barrel decrease. The larger-than-expected drawdown signals tighter-than-anticipated domestic supply conditions and could lend support to crude prices. The data contrasts with the previous week's much steeper stockpile reduction, suggesting some moderation in the pace of inventory depletion. Traders will watch upcoming refinery utilization and production figures, along with next week's inventory report, for confirmation of whether the tighter supply trend persists.