Last week’s API gasoline inventory change in the U.S. (thousand barrels) (as of 0731) fell short of expectations: 15.6 vs -122.5

U.S. API gasoline inventories unexpectedly rose by 156,000 barrels, missing expectations and signaling weak demand that may dampen Fed rate cut hopes.

Last week, U.S. API gasoline inventory changes came in at 156,000 barrels, falling short of the expected -1.225 million barrels and down from the previous reading of 918,000 barrels. The unexpected increase in inventories suggests weak demand or an oversupply, which could dampen expectations of an aggressive rate cut by the Federal Reserve and exert potential pressure on liquidity.