EIA Expectations: Crude -2.8M, Distillate -2.0M, Gasoline -1.7M

The EIA's inventory figures show a notable decrease in crude oil stocks, which is less than the previous reduction, indicating a tightening supply scenario but below private expectations. This could provide upward pressure on crude prices as markets adjust their supply forecasts. The drops in distillate and gasoline inventories further reinforce the narrative of increased demand or constrained supply within the energy sector, which may have broader inflation implications.