US crude inventories fell by 3.061 million barrels in the week ended October 16, well above market expectations for a 0.8 million-barrel draw. On the other hand, crude stocks at the Cushing, Oklahoma, delivery hub rose by 0.987 million barrels. Meanwhile, refinery crude runs increased by 0.034 million barrels per day. Gasoline stocks declined by 2.952 million barrels, above estimates for a 0.4 million-barrel decrease. Distillate stockpiles, which include diesel and heating oil, increased by 1.675 million barrels, versus expectations for a 1.2 million-barrel draw. Net US crude imports went up by 0.837 million barrels per day.