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Gasoline Demand Rebound Adds to Stock Drawdown

OIL

A rebound in gasoline implied demand contributed to the weekly draw in inventories. The four week average product supplied increased by 183kbpd correcting most of the decline from the previous week. Gasoline inventories have seen a steady decline since late July and fell to the lowest since 2012 at 205.7mbbls.


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A rebound in gasoline implied demand contributed to the weekly draw in inventories. The four week average product supplied increased by 183kbpd correcting most of the decline from the previous week. Gasoline inventories have seen a steady decline since late July and fell to the lowest since 2012 at 205.7mbbls.


Keep reading...Show less