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Fluctuating US Crude Oil and Gasoline Inventories
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Overview
API
US crude oil and gasoline inventories fluctuated, with a significant increase in the week ending Nov. 10. Commercial crude-oil stockpiles rose by 8.7 million barrels, while gasoline stockpiles declined by 1.5 million barrels. The EIA didn't publish its Weekly Petroleum Status Report, but analysts predict a range of predictions for the week. Refiners are maximizing fuel production, resulting in distillate stocks rising. The API preliminary report indicates a likely fall in crude stocks and a decrease in distillate stockpiles, with a rise in gasoline inventories.
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How might the fluctuating US crude oil and gasoline inventories impact global oil prices and supply-demand dynamics?
How might the varying predictions from analysts for the upcoming EIA report influence market sentiment and trading decisions?
What factors could be influencing the refiners' decision to maximize fuel production, and how does this affect the overall energy market?
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