A post by @FirstSquawk on X.
U.S. API GASOLINE STOCKS ROSE 1.427 MLN BARRELS WHILE DISTILLATE STOCKS FELL 1.192 MLN
@FirstSquawk on X
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U.S. API gasoline inventories rose by 1.427 million barrels while distillate stocks fell by 1.192 million barrels, according to the latest American Petroleum Institute data. The build in gasoline supplies contrasts with the draw in distillates, which include diesel and heating oil. The mixed reading matters for energy markets because it signals diverging supply trends across refined products ahead of official government inventory data. Traders will watch the EIA's weekly report for confirmation of the API figures and any resulting moves in gasoline and distillate futures.
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Named in this story
American Petroleum Institute, U.S. distillate stocks, U.S. gasoline stocks