U.S. distillate inventories fell by 3.57 million barrels to 99.26 million for the week ended Oct. 30, leaving them 13% below the five-year average. Despite the stock decline, surveyed diesel and residential heating-oil prices fell over the week but remained substantially higher than a year earlier. Persistent fuel costs could delay broader inflation relief and, in turn, impede easier financing conditions for Bitcoin investors. The Federal Reserve held its target range at 3.75% to 4%, while refinery utilization rose to 94.5%, but the data established no Fed or market reaction.
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