US crude oil inventories fell by 1.892 million barrels in the week ended October 23, marking a fourth consecutive weekly decline, following a 3.061 million-barrel draw in the previous week. Crude stocks at the Cushing, Oklahoma, delivery hub also decreased by 624,000 barrels, while refinery crude runs fell by 123,000 barrels per day. Distillate inventories, which include diesel and heating oil, declined by 1.462 million barrels, exceeding expectations for a 900,000-barrel decrease. In contrast, gasoline inventories increased by 3.87 million barrels. Meanwhile, net US crude imports fell by 796,000 barrels per day.