US EIA Gasoline Inventories Rise 3.87M Barrels, vs. -310K Expected

The size of the miss matters more than the direction: a build nearly 4 million barrels against a forecast draw implies demand or supply signals that forecasters did not capture, and the swing from the prior week's draw sharpens that gap. This is a product-market signal, not a crude one, so it speaks to refining margins and the gasoline crack rather than headline oil. Whether the build reflects a one-week distortion or the start of a softer demand trend is the open question, and next week's figure will be the first test of that.