
The United States API and EIA reports show fluctuations in crude oil inventories, with API reporting a build of 2.48M barrels while EIA reports a build of 1.825M barrels. Cushing crude oil inventories increased by 1.325M barrels. Gasoline production rose by 0.351M barrels. Distillate fuel production increased by 0.260M barrels. Gasoline inventories decreased by 0.945M barrels. EIA also reported a rise in petroleum inventories by 8.489M barrels, with various product categories showing builds.

US implied oil demand (product supplied) in mbpd - EIA #oott https://t.co/UmnmKJV6oJ
US implied gasoline demand (product supplied) in mbpd - EIA #oott https://t.co/Cbd5BeY3cH
US commercial petroleum inventories rose 7.5 MMbbl last week, driven by broad-based builds across most major product categories. Crude +1.8 MMbbl Gasoline -0.9 MMbbl Diesel +0.4 MMbbl Jet fuel +1.1 MMbbl Propane and other oils +4.8 MMbbl https://t.co/i1z8SXb1dm