Crude oil futures continued the weakness on Wednesday, as flooding from Tropical Storm Harvey continued to batter US refinery capacity, offsetting data showing U.S. supplies of crude oil fell for a ninth-straight week. Refinery operations along the Texas coast may be interrupted for weeks, limiting the demand for crude oil. Meanwhile, the US Department of Energy reported a bullish 5.4 million barrel draw in crude inventories over the past week. 

It was the ninth-straight week of falling crude inventories. Gasoline inventories, rose by roughly 35,000 barrels, while distillate stockpiles rose by 748,000 barrels, confounding expectations of a decline of 846,000 barrels. Benchmark crude oil futures for October delivery ended down by $0.48 or 1 percent to $45.96 on the New York Mercantile Exchange. In London, Brent crude for October delivery ended lower by 1.72 percent at $50.77 a barrel on the ICE.

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