Crude oil inventories drew 7.7 million barrels for the week ended Jan. 10, which was far more than analysts' expectations of a 673,000 barrel drawdown. Chicago Energies Options Trader Peter Amandio tells TheStreet's Joe Deaux that it doesn't surprise him that when crude dips near $92 a barrel, inventories take a big dip. Amandio says that distillates, which fell 1 million barrels, should continue to fall as the winter weather blankets the United States.

If you liked this article you might like

Jim Cramer: These 4 Stocks Seem Attractive Right Here

Jim Cramer: These 4 Stocks Seem Attractive Right Here

Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says

Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says

How I'm Playing Infrastructure, Oil and Defense Stocks Right Now

How I'm Playing Infrastructure, Oil and Defense Stocks Right Now

Volatility Is Still in Charge: Cramer's 'Mad Money' Recap (Friday, 2/9/18)

Volatility Is Still in Charge: Cramer's 'Mad Money' Recap (Friday, 2/9/18)

Trouble For Exxon Mobil

Trouble For Exxon Mobil