U.S. API gasoline inventory change (10k barrels) last week (as of 0807) fell short of expectations: -153.1 vs -157.8

U.S. API gasoline inventory decline missed expectations, signaling weak demand and supporting tighter liquidity outlooks.

Last week, U.S. API gasoline inventory changes were -1.531 million barrels, lower than the expected -1.578 million barrels, and up from the previous value of 156,000 barrels. The weaker-than-expected decline in inventories indicates relatively weak demand, providing some support for expectations of tighter liquidity.