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RE: LeoThread 2025-01-21 12:52

US gasoline futures fell to $2.11 per gallon, retreating from a three-month high after the EIA reported a larger-than-expected increase in gasoline inventories. Stocks rose by 5.852 million barrels in the week ending January 10, marking the third consecutive weekly build and surpassing forecasts for a 2.6 million-barrel increase. In contrast, crude inventories declined for the eighth consecutive week, hitting their lowest levels since April 2022 and marking the longest streak of draws since 2021. Meanwhile, oil prices eased from a five-month high as the market absorbed new sanctions on Russian crude and speculated on the possibility of President-elect Donald Trump softening these measures.