oil and gas inventories

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    RELEASE: Oil and Gas Inventories [United States] (278.6 MB)
    FIRST TAKE: The American Petroleum Institute and the Energy Information Administration reported a sizable decline in gasoline inventories for the week ending August 22, which will lead to sharply higher prices at the pump over the Labor Day weekend. The API reported a sizable build in crude oil inventories, while the EIA reported a modest decrease in crude stocks. The impact of today?s reports will be neutral for crude oil and distillates, but bullish for gasoline.

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