US crude inventories plunge 11.12M barrels, largest draw in months

API data shows a massive 11.12 million barrel draw in US crude inventories for the week ending October 9, far exceeding the prior week's 2.09 million barrel decline. This marks a sharp acceleration in draws, though total inventories remain near year-start levels due to SPR releases. The draw suggests stronger demand or supply tightness, which could support oil prices.