The latest reading published by EIA (The Energy Information Administration’s) indicates a sharp increase in oil inventories held by U.S. firms. Inventories jumped by 7.7 million barrels last week (est. 2.105 million). Gasoline inventories declined by 5,049 million barrels (est. -2.691) while distillate inventory shrank 6.404 million barrels (est. -2.203). Worth mentioning, U.S. refinery utilization dropped only 0.50% (prior: -1.00%). Oil prices do not seem to respond to these figures. The overall negative pessimism results from coronavirus fears and latest oil market turmoil.
Oil pries do not seem to react to the latest EIA's news. Source: xStation5
Gold slumps 2.5% as Trump vows the escalation in the Middle East
Chart of the day: OIL rebounds sharply on Trump's Iran speech 🛢️ 📈 US will abandon Hormuz❓(02.04.2026)
Morning Wrap: Trump want to send Iran "back to the Stone Age". Indices tumble (02.04.2026)
Daily Summary - Markets Await Trump's Address
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
