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)
Market Wrap: Clear rebound in Europe against falling oil price. Assets related to Brazil in retreat
Chart of the day: European gas ever closer to 100 EURMWh
Elections in Brazil: Lula returns to power, markets react with panic. Brazilian ETF loses nearly 15% in Tokyo. What about USDBRL, soybeans, sugar, BRAComp, and ETFs?
🟢Morning Wrap: Lack of escalation lowers oil prices. Unexpected Lula victory hurts Brazilian stock market