Global onshore oil inventories are estimated to have fallen by 113 million barrels in September, nearing their lowest levels since 2016, according to an International Energy Agency (IEA) report on October 14. Despite an increase in offshore oil inventories, overall stockpiles declined, dimming prospects for an easing of energy-driven inflation. This could delay a looser financing environment in the United States and limit investor interest in risk assets, including Bitcoin.