03:30 PM BST, United States - EIA Data:
- EIA Weekly Distillates Stocks: actual 0.514M; previous 1.246M;
- Gasoline Inventories: actual 0.209M; previous 1.504M;
- Crude Oil Inventories: actual -11.473M; forecast -2.300M; previous -3.644M;
The EIA report remains in the shadow of global tensions surrounding the Middle East conflict and Trump’s recent comments.
Cattle futures fall amid JBS plant strike, rising corn and Middle East ๐
Economic Calendar: U.S. Unemployment Claims in spotlight (12.03.2025)
Morning Wrap: Conflict Escalation Pushes Oil to $100 (12.03.2025)
Daily summary: Oil still pressures Wall Street despite favorable CPI data ๐ฝ