US Oil Inventories Rise While Gasoline Falls
Crude oil inventories in the United States rose by 4.2 million barrels for the week ending August 21, according to the American Petroleum Institute. Meanwhile, gasoline stocks decreased by 3.2 million barrels, and distillates declined by 459,000 barrels. This indicates an increase in crude oil inventories alongside a reduction in refined product stocks, particularly gasoline, reflecting shifts in supply and demand dynamics.
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