U.S. crude oil inventories decreased by 0.846 million barrels last week, according to the Energy Information Administration (EIA), which is less than the expected draw of 2.775 million barrels. The total commercial crude oil stocks fell to 425.2 million barrels. Gasoline stocks also saw a significant decline, dropping by 2.203 million barrels, while distillate inventories remained stable with a slight increase of 0.275 million barrels. Additionally, the Strategic Petroleum Reserve (SPR) saw an increase of 0.745 million barrels, bringing its total to 377.9 million barrels. Despite the overall decrease in inventories, crude oil prices slipped, with West Texas Intermediate (WTI) down 2.21% and Brent crude down 2.16%. The average weekly exports of U.S. crude oil have decreased by approximately 850,000 barrels per day since February, indicating a trend of declining oil demand. The latest data reflects the ongoing volatility in the oil market as traders await further inventory data for insights into demand trends.