US crude inventories dip 400k bbl, Brent prices soar

EIA reported a 400k barrel draw in US crude inventories for the week ending Sept 4, bringing stocks to 424.1 million barrels, in line with the five-year average. The draw is modest and follows API's 300k barrel decline, but the context of soaring Brent prices suggests market focus on supply tightness. The data confirms a gradual tightening trend, though the inventory change itself is not a major shift.