Benchmark U.S. oil futures settled higher on Wednesday, recouping a modest portion of their losses from a day earlier, as domestic gasoline stockpiles posted a drop that was three times bigger than expected.
The decline in gasoline supplies outweighed pressure from a fifth weekly rise in crude inventories.
Gasoline stockpiles fell by 4.8 million barrels last week, while distillate stockpiles declined by 2.3 million barrels, according to the EIA. The S&P Global Platts survey had shown expectations for supply declines of 1.5 million barrels in gasoline and 2.45 million barrels for distillates.
more detail at source: https://www.marketwatch.com/story/oil-attempts-to-stabilize-after-sliding-to-2-month-low-on-ample-supply-demand-worries-2018-10-24?mod=hp_minor_pos20