CRUDE WRAP: WTI (Z6) SETTLES USD 2.60 HIGHER AT USD 96.50/BBL; BRENT (X6) SETTLES USD 0.14 LOWER AT USD 105.92/BBL

WTI outperformed its Brent counterpart, rising over USD 2/bbl, while Brent was slightly lower. The move followed reports that the US is considering easing Russian shadow-fleet sanctions and the US suggesting a supplemental oil release to IEA nations with extra 100mln barrels all while the EIA weekly inventory confirmed a large crude stock draw. US commercial petroleum stocks declined 13.4mln barrels in the previous week, the largest draw since April, driven by draws in crude, diesel, and other products. Crude stocks themselves drew 8.557mln, much steeper than the expected -0.3mln, though less than the 11.2mln crude draw seen in Wednesday's private inventory report; the SPR was unchanged at 283mln. Meanwhile, Saudi Aramco is offering more spot crude oil cargoes into the European market for late October to mid-November delivery, according to reports, citing sources. Separately, Syria's Jabsa gas export pipeline was targeted by an attack resulting in a reported explosion and fire in one of the main gas transmission lines. WTI and Brent traded between USD 93.58-98.32/bbl and USD 103.37-106.40/bbl, respectively. EIA results W/W: Crude -8.557mln (exp. -0.3mln), Distillate -2.527mln (exp. -1.6mln), Gasoline 3.518mln (exp. -0.5mln), Production -300k bpd.