In late April 2023, U.S. crude oil inventories surged unexpectedly, rising by 7.265 million barrels to 460.89 million. Analysts had forecast a drop of 1.5 million barrels, underscoring a significant market miscalculation. Concurrently, gasoline reserves slightly increased by 344,000 barrels to 227.087 million, defying the expected 1.2 million barrel decline. Conversely, distillate stocks, which include […]
