US API gasoline stocks rise 0.3 million barrels, reversing prior drop

  • US API gasoline stocks rose 0.3 million barrels
  • The increase beat forecasts for a draw
  • Last week’s inventories fell 3.2 million barrels

US gasoline stocks tracked by the American Petroleum Institute rose 0.3 million barrels, contrary to forecasts for a decline. The increase reversed last week’s 3.2 million-barrel drop and slightly eased supply pressure ahead of the weekly EIA (U.S. energy data agency) inventory report.

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