EIA Crude Oil Inventories: -0.959M (Forecast -2M, Previous -1.178M)
- EIA Gasoline Inventories: 6.33M (Forecast 0.5M, Previous 7.717M)
- EIA Distillate Inventories: 6.071M (Forecast 0.5M, Previous 6.406M)
Daily summary: CPI reading hits markets, hawkish Fed and Wall Street selloff
Sharp retreat from gold. Higher US CPI opens the door to a 50 bps rate hike in the US
🚩 Oil falls 2% to its lowest level since late August. What’s next?
đź”´Chart of the Day: NATGAS: Are we in for a weather-driven short squeeze?