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US Gasoline and Distillate Inventories Could Move Oil Prices

US Gasoline and Distillate Inventories Could Move Oil Prices

The API released its gasoline and distillate inventory data on April 17, 2018. The API reported that US gasoline inventories decreased by 2.4 MMbbls (million barrels) on April 6–13, 2018. Analysts estimate that US gasoline inventories could have declined by ~0.2 MMbbls during the same period.