EIA Crude Oil Inventories: -2.332M (forecast 2.4M; previous 4.633M)
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EIA Gasoline Inventories: 0.369M (forecast -1.4M; previous -0.151M)
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EIA Distillate Inventories: 3.908M (forecast -2.762M; previous -2.051M)
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EIA Crude Cushing Inventories: 1.282M (previous 1.472M)
Daily summary: Oil still pressures Wall Street despite favorable CPI data 🗽
🚩Silver loses 3%
Oil slightly up amid Iran tensions and US EIA inventories report
Iran’s Permission or Risk of Attack. The New Reality in the Strait of Hormuz