Brent Crude Extends Losses 1.6% as U.S. Oil Stock Draw Misses Expectations

Brent crude futures extended losses to 1.6% after an EIA report showed U.S. oil inventories fell by less than expected. According to Jin10, the EIA report indicated that U.S. gasoline futures continued to rise, up 1.1%, as U.S. gasoline inventories declined by more than expected.