Gasoline stocks crashed Movement.down.loss by about 300,000 barrels the week to Aug. 8 , less than the 558,000 draw analysts were looking for , while distillates -- including diesel -- were down Movement.down.loss 2.4 m barrels , deeper than the 1.63 m barrel dip Movement.down.loss expected .

So far , OPEC officials have not expressed a pressing concern Negative_sentiment about the drop Movement.down.loss in prices , seeing it as a temporary dip Movement.down.loss and predicting prices will rise Movement.up.gain as higher Movement.up.gain seasonal demand kicks in due to colder weather .

Analysts polled by Reuters had forecast a 1.9-million-barrel dip Movement.down.loss .

`` That means the dip Movement.down.loss will be temporary and exports should bounce back Movement.up.gain in 2013 . ''

But a 2.5 million barrels build Movement.up.gain at the Cushing , Oklahoma delivery hub for U.S. crude offset the overall dip Movement.down.loss in inventory .

MOSCOW/LONDON ( Reuters ) - Russian fuel deliveries to Europe could trend upward Movement.up.gain coming months due to tax changes and a dip Movement.down.loss in domestic demand , stemming from a recession brought on in part by Western sanctions Embargo , analysts say .

There is no room for further output dip Movement.down.loss . ''

The South American member of OPEC derives 96 percent of its export revenues from oil , so the plunge Movement.down.loss in prices has hit exacerbated Situation_deteriorate a national economic dip Movement.down.loss , a foreign currency shortfall Shortage and a scarcity of basic goods .

The dip Movement.down.loss in oil futures is said to have been arrested by a step up in clashes Geopolitical.tension between Russia and the West .

LONDON ( Reuters ) - Russian use for diesel is expected to have dropped Movement.down.loss in 2015 for the first quarterly dip Movement.down.loss in 14 months , the International Energy Agency reported on Thursday , the latest sign of slowdown Slow.weak in the fuel market .