US distillate stocks touch five-week low as winter weather supports demand

US distillate inventories moved lower for a third straight week in the seven days ended Jan. 28, US Energy Information Administration data showed Feb. 2, as winter weather supported demand. Nationwide distillate inventories fell 2.41 million barrels to 122.74 million barrels, EIA said, putting them nearly 19% behind the five-year average for this time of year. USAC temperatures have been…