U.S. EIA gasoline inventory change (10k barrels) last week (as of 0807) fell short of expectations: -96.8 vs -119.9

U.S. EIA gasoline inventories fell by 968,000 barrels, missing expectations. The narrower decline signals weakening demand, potentially pressuring easing bets.

Last week, the U.S. EIA gasoline inventory change was -968,000 barrels, lower than the expected -1.199 million barrels and the previous value of -1.643 million barrels. The narrowing decline in inventories indicates weakening demand support, putting some pressure on expectations of monetary easing.