EIA Crude Oil Inventories: 3.454M (Forecast -2.209M, Previous -2.032M)
- EIA Gasoline Inventories: -1.022M (Forecast -0.938M, Previous 0.188M)
-
EIA Crude Cushing: -1.069M (Previous -0.740M)
OIL (M15 interval)
Source: xStation5
📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.
🟡Gold gains 1.2% ahead of Fed decision
🛢️US deal with the Houthis excludes Saudis, but Aramco fixes pipeline quickly. Why the drop in Brent crude?