U.S. gasoline stocks decreased by 4.73 million barrels, a smaller decline compared to the previous drop of 5.94 million barrels. This represents a reduction of 1.21 million barrels, indicating a lower drawdown in gasoline inventories.
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The actual decrease in gasoline stocks was significantly larger than the analyst estimate of a 1.1 million barrel decline. This unexpected reduction may boost energy sector stocks as it suggests stronger demand or supply constraints. The impact on the stock market is likely to be short-term, driven by sentiment around energy prices and potential supply concerns.