A post by @FirstSquawk on X.
U.S. API GASOLINE STOCKS ROSE 2.7 MLN BARRELS WHILE DISTILLATE STOCKS FELL 8 MLN
@FirstSquawk on X
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U.S. API gasoline inventories rose 2.7 million barrels while distillate stocks fell 8 million barrels, according to First Squawk. The larger distillate draw signals tighter supply in diesel and heating oil, while the gasoline build points to softer demand or ample supply ahead of the driving season. The split matters for refining margins and crude pricing, which often react to product inventory signals. Traders will watch the EIA's official figures for confirmation and any revision to the API estimates.
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Named in this story
American Petroleum Institute, U.S. distillate stocks, U.S. gasoline stocks