EIA Crude OIL US inventories change: -5.07M (Forecast-1.41M, Previous -1.844M)
- EIA Gasoline inventories: 2.36M (Forecast, -1.03M Previous: 3.31M)
- EIA Distillate Inventories: 3.383M (Forecast -0.424M, Previous 0.416M)
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