Oil prices fell after the U.S. Energy Information Administration reported unexpected increases in gasoline and other refined product stockpiles, indicating slowing demand. Brent crude and Nymex WTI both experienced volatility, with prices dropping during afternoon trade in New York. The United States Oil Fund (USO) also fell by 1%. Additionally, gasoline stockpiles saw a significant increase, the largest in over three decades, while distillate stocks also rose. Crude inventories decreased, partly due to higher refinery throughput and shipping route changes. Meanwhile, Libyan oilfield closures due to protests added earlier upward pressure on oil prices.