United States - EIA Data:;
- Crude Oil Inventories: forecast Actual: 1.820M. Forecast -2.400M; previous -2.508M;
- Gasoline Inventories: Actual: -0.945M. Forecast -1.600M; previous -0.235M;
- EIA Weekly Distillates Stocks: Actual: 0.379M. Forecast -0.100M; previous -0.045M
Oil prices did not overreact to today's report following yesterday's API reading, which indicated an unexpected increase in US inventories
Daily summary: Optimism on Wall Street eases again🗽US Dollar drops from recent highs
Coffee futures drop as huge Brazilian shipping to Europe eases supply concerns
Cocoa falls 3% amid improving crops in West Africa
Oil continue the downfall amid rising OPEC production 📉 Saudi Arabia cuts prices
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