06:07 AM EDT, 10/18/2024 (MT Newswires) -- U.S. crude oil inventories dropped 2.2 million barrels to 420.5 million barrels in the week ended Oct. 11, the U.S. Energy Information Administration said in its This Week in Petroleum report released on Thursday.

Crude oil production for the week increased by 75,000 barrels per day (b/d) to 13.35 million b/d, the EIA reported.

Crude oil imports decreased by 198,000 b/d to 6.21 million b/d while crude oil exports fell 117,000 b/d to 3.92 million b/d, according to the agency.

U.S. gasoline stocks also fell 2.2 million barrels to 212.7 million barrels. Distillate stockpiles dropped 3.5 million barrels to 115 million barrels, the EIA reported.