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US gasoline demand rises while commercial crude stocks spike: EIA

August 10, 2022 Comments Off

US gasoline demand rose for the week ended Aug. 5 after previously showing counter-seasonal weakness, but commercial crude inventories surprisingly and bearishly spiked by much more than anticipated, according to weekly data released Aug. 10 by the US Energy Information Administration. The mixed-bag inventories report showed that fuel demand is still relatively strong, while the weekly data on commercial crude…