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 - Powerful NFP report could delay Fed rate cuts
BREAKING: Massive increase in US oil reserves!
Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report
📈 Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30