US oil and gasoline stocks fall
The article reports a decline in oil and gasoline inventories in the United States last week, with crude oil stocks decreasing by 4.5 million barrels to 424.5 million barrels, while gasoline inventories fell by 1.2 million barrels to 205.7 million barrels. Conversely, distillate products (such as diesel and heating oil) increased by 0.8 million barrels to 104.2 million barrels, contrary to expectations of a decline. The administration indicated that refinery utilization rose by 0.6 percentage points to 98%, and oil imports decreased by 79,000 barrels per day. This change in inventories is an indicator of market balance and could have long-term effects on oil prices and petroleum product markets in the United States.
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