US crude oil inventories fell by 2.031 million barrels in the week ended October 23rd, compared with market expectations for an increase of 800,000 barrels. In the previous week, crude stocks declined by 4.93 million barrels. Inventories at Cushing fell by 453,000 barrels after rising by 900,000 barrels a week earlier. In contrast, gasoline inventories increased by 2.39 million barrels, following a 2 million-barrel decline in the previous week. Distillate stocks rose by 380,000 barrels, partially reversing the previous week's 2.6 million-barrel draw. Meanwhile, US oil production fell to 13.269 million barrels per day in the week ended October 16th, down from 13.679 million barrels per day a week earlier.