US Commercial Crude Stocks hit 8-Yr Low, Gasoline Demand Rises Ahead of Holiday Weekend

U.S. crude stocks fell to their lowest last week since 2018 as domestic refinery demand rose, while gasoline inventories also fell ahead of the July 4 holiday weekend, the Energy Information Administration said on Wednesday. Commercial crude inventories fell by 3.8 million barrels to 408.4 million barrels last week, the lowest level since September 2018, … Read more