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• EIA Crude Oil Inventories reveal unexpected drop, signaling stronger demand
  Crude oil inventories in the...

  Crude oil inventories in the United States decreased by 1 million barrels during the week ending October 17, after gaining 3.5 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 422.8 million barrels according to government data, which is still 4% below the five-year average for this time of year.

  
  For total motor gasoline, the EIA reported that inventories had contracted by 2.1 million barrels, after the week prior’s 300,000-barrel decrease. The most recent figures showed average daily gasoline production increasing to 9.6 million barrels. For middle distillates, inventories decreased by another 1.5 million barrels, despite production increasing by 40,000 barrels daily to an average of 4.6 million barrels daily. Distillate inventories drew down by 4.5 million barrels in the week prior and are now 7% below the five-year average for this time of year.
  
  Total products supplied over the last four weeks slipped to 20.5 million barrels per day, down 0.1% compared to the same period last year. Gasoline demand averaged 8.6 million barrels per day over the last four weeks, while the distillate four-week average supplied hovered 4.0 million barrels—up 0.2 percent year over year.
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• DAILY OIL PRICE: October 22, 2025
  Crude Oil: 58.50   (+0.68)....
  
  
  • Crude Oil: 58.50   (+0.68).
  
  
  • Nymex MTD AVG: 59.5209.
  
  
  • Natural Gas: 3.450   (-0.024).
  
  
  • Gasoline: 1.8650   (+0.0397).
  
  
  • Spreads: December/January (+0.18)     January/February (+0.06).
  
  
  • Plains WTI Posting: 54.98   (+0.68).
  
  

  
  Source: Odessa American
  
  
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• DOE seeks bids for 1M barrels of SPR oil
  The Energy Department has issued a solicitation to buy 1 million barrels...
  The Energy Department has issued a solicitation to buy 1 million barrels of oil for the Strategic Petroleum Reserve for December and January delivery, with bids due by Oct. 28. The department will use $171 million allocated under the president's tax and spending law to fund the purchase. Low West Texas Intermediate prices near $58 per barrel have created a favorable window for the administration to begin rebuilding the reserve, which remains about 40% below capacity after record drawdowns in 2022.
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• Halliburton taps into data center boom with VoltaGrid deal
  As global fracking activity slows, Halliburton is diversifying beyond...
  As global fracking activity slows, Halliburton is diversifying beyond oilfield services by teaming up with VoltaGrid to supply turbines, engines and technology for data centers, starting in the Middle East. The company also reported better-than-expected third-quarter adjusted earnings of $0.58 per share, while North American revenue rose 5% sequentially to $2.4 billion on increased stimulation and completion work. However, Halliburton CEO Jeff Miller cautioned that North American oil producers are now investing below the maintenance levels required to sustain output.
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• U.S. stocks end lower on economic uncertainty, trade tensions; gold falls again
  The Dow Jones Industrial Average and S&P 500 snapped...

  The Dow Jones Industrial Average and S&P 500 snapped a three-day stretch of gains to end lower on Wednesday amid a mix of economic uncertainty, U.S.-China trade tensions, and a selloff in gold. Gold futures settled at $4,065.40 on Wednesday. The Nasdaq Composite also fell.

  
  

  The ongoing government shutdown in Washington raised concerns about economic damage, while gold's selloff heightened volatility fears. Separately, Reuters reported that the Trump administration is considering curbs on a wide range of software-powered exports to China.

  
  

  The Dow fell 334.33 points, or 0.7%, to finish at 46,590.41, based on preliminary data. It had reached a record close of 46,924.74 on Tuesday.

  
  

  The S&P 500 dropped 35.95 points, or 0.5%, to end at 6,699.40.

  
  

  The Nasdaq Composite declined 213.27 points, or 0.9%, to close at 22,740.40

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