DOE report on US oil inventories.
• Oil inventories. Actual: -7,056 mb Expected: -0.275 mb (API: -0.45 mb)
• Gasoline inventories. Actual: -4.642 mb Expected: -1.096 mb (API: -4.48 mb)
• Distillate inventories. Actual: +766 mb Expected: +0.44 mb (API: -0.76 mb)
SPR crude stock fell to lowest since 1985. Source: Bloomberg
Source: Bloomberg via ZeroHedge
OIL.WTi chart, M30 interval. Source: xStation5
Daily Summary: Technology Drives Wall Street to Record Highs Despite Tensions in the Persian Gulf
🔴 Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)
Chart of the day: SILVER doesn't give up 📈 Capital flows back to the market 🔍
Morning wrap: Indices climb despite shots fired in the Strait of Hormuz 📈 💥
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