11. Moreover, energy prices have not risen even as oil inventories have declined. 12. While gasoline inventories declined less than expected, gasoline demand remained buoyant, according to calculations based on the API report. 13. World oil inventories have been declining, but in the past year demand has been rising sharply. 14. Businesses showed progress whittling inventories of unsold goods in July, marking the sixth month in a row that inventories have declined. 15. Inventories declined, and employment weakened slightly. 16. The GDP report also indicated that inventories were declining and final sales were picking up, both signs of a strengthening economy. |