US Secretary of State Antony Blinken left the Middle East late Tuesday without a cease-fire agreement, but reiterated that Israel had agreed to a "bridging" deal to create space for the two sides to hammer out details.

API

Crude +347k (-2.9mm exp)

Cushing -648k

Gasoline -1.04mm

Distillates -2.24mm

DOE

Crude  (-2.9mm exp)

Cushing -648k

Gasoline -1.04mm

Distillates -2.24mm

Refuting API's reported small crude build, the official data showed across the board inventory drawdowns last week with crude stockpiles down for the 7th week in the last 8 and distillates stocks falling by the most since March...