(Bloomberg) -- U.S. crude-oil stockpiles dropped to the lowest level since January after a fifth-straight weekly decline. Inventories fell by 2.98 million barrels to 499.7 million in the period ended Sept. 30, the Energy Information Administration said on Wednesday. Even with the decrease, supplies remain at the highest seasonal level in at least three decades. Oil prices climbed on the report.
To contact the reporter on this story: Mark Shenk in New York at mshenk1@bloomberg.net.
To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, David Marino at dmarino4@bloomberg.net.
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