US EIA Report Reveals Significant Changes in Oil and Gasoline Inventories

Core Insights - The latest data from the US Energy Information Administration (EIA) indicates significant changes in oil and gasoline inventories [1] Inventory Changes - Gasoline inventories increased by 1.119 million barrels, surpassing the expected rise of 200,000 barrels [1] - Distillate fuel oil inventories decreased by 1.284 million barrels, which is less than the anticipated drop of 2 million barrels [1] Crude Oil Metrics - Cushing, Oklahoma's crude inventories rose by 840,000 barrels [1] - Refinery utilization rates fell by 3.3 percentage points, a more substantial decline than the forecasted 0.7 percentage points [1] Import and Production Data - Crude oil imports increased by 172,000 barrels per day [1] - Daily crude oil production rose by 100,000 barrels per day [1]