The American Petroleum Institute reports a significant drawdown in U.S. crude inventories, while product inventories, including gasoline and distillate, see a build, amidst fluctuating oil prices.
China is leading the global commitment to nuclear power, with several countries, including BRICS members, also making significant investments in new reactors.
A stronger U.S. dollar and a more hawkish Fed may negatively impact crude, but tight supply is likely to remain the dominant factor for oil markets in October