BREAKING: massive drop in U.S. crude oil inventories 📌

03:30 PM BST, United States - EIA Data:

EIA Weekly Distillates Stocks: actual 4.046M; forecast 1.100M; previous 4.715M;
Gasoline Inventories: actual -2.347M; forecast -0.700M; previous 1.458M;
Crude Oil Inventories: actual -9.285M; forecast 1.400M; previous 3.939M;

WTI crude continues to rise, rebounding from the daily low in the early afternoon. It is worth noting that crude had been losing value since the open, and additionally, there was negative rolling due to persistent backwardation in the oil futures curve. At one point, oil nearly returned to flat, but it is currently down about 0.23% on the day, excluding contract rolling.

4 June 2026, 9:00 AM

Economic calendar: Oil, Fed, jobless claims, and Wall Street earnings 🔎

4 June 2026, 8:30 AM

Morning wrap: Trump expects an agreement with Iran as soon as this weekend 📌

3 June 2026, 6:55 PM

Daily Summary: Markets take a breather (03.06.2026)

3 June 2026, 3:33 PM

BREAKING: ISM Non-Manufacturing PMI above expectations

Economic reports

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