US oil stocks fall while gasoline rises

U.S. Energy Information Administration data showed that crude oil inventories in the United States decreased by 8.6 million barrels last week to 415.6 million barrels, while gasoline stocks rose by 3.5 million barrels to 208.3 million barrels. Meanwhile, distillate inventories declined by 2.5 million barrels to 102.6 million barrels. Additionally, oil stocks at the Cushing distribution center increased by 1.9 million barrels, and refinery utilization rates rose to 93.5%. The fluctuation between inventory declines and the increase in gasoline reflects changing patterns of oil consumption and production in the U.S. market.

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