US gasoline, distillate stocks move lower on steady demand, strong exports

Major US refined product inventories saw counter-seasonal draws in the week ended April 22 on the back of steady exports and seasonally strong demand, US Energy Information Administration data showed April 27. Total gasoline stocks fell 1.57 million barrels to 230.81 million barrels, EIA said, putting them 3.8% behind the five-year average for this time of year, while nationwide distillate…