US pulls oil and fuels from reserves
Oil demand in the United States increased last week, leading to a decline in crude oil, gasoline, and distillate inventories. Crude oil stocks decreased by 3.3 million barrels to 441.7 million barrels, despite expectations of a larger decline. Additionally, refinery crude intake rose by 652,000 barrels per day, while gasoline inventories dropped by 2.6 million barrels and distillate stocks fell by 2.1 million barrels. These developments reflect ongoing supply shortages and rising fuel demand in the U.S. market.
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