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Oil inventories. Actual: -17,04 mb Expected: -0.9 mb (API: -15.4 mb)
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Gasoline inventories. Actual: 1,48 mb Expected: -1.4 mb (API: -1.68 mb)
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Distillate inventories. Actual: -0,79 mb Expected: +0.8 mb (API: -0.51 mb)
Although the EIA reading was one of the lowest in history, WTI prices do not react to this reading and prolong the dynamic downward movement in the face of broad market uncertainty.
Source: Bloomberg Finance L.P. via JavierBlas
WTI oil is down more than 2.5% today. Source: xStation 5
Oil down nearly 5% following the announcement that European diesel reserves will be released💡
🟡Gold takes a breath, because of oil, not NFP
Daily Summary: Wall Street Recovers as Micron Shines and Oil Prices Rise Again
The US has a Diesel problem. Now Europe is being asked to open its reserves