Decrease in oil inventories by 7 million! A drop of 2 million brk was expected with a previous increase of 5.85 million
Gasoline stocks fall by only 260 thousand with an expected drop of 1.6 million and a previous drop of 2.66 million
Distillate stocks rise by 300,000 on expectations of a 500,000 decline and with a previous decline of 1.7 million.
Oil reacted positively in the first reaction, but gains were quickly subdued near $81. Oil still moves near daily lows.
The AI trade powers on, as luxury stocks surge
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