EIA Expectations: Crude -2.1M, Gasoline -2.85M, Distillate -2.83M
- Crude: -2.1M, prev. -2.314M (Private -2.2M)
- Distillate: -2.83M, prev. -1.294M (Private -0.3M)
- Gasoline: -2.85M, prev. -2.504M (Private +0.5M)
- Cushing: prev. -0.648M (Private -1.8M)
- Production: prev. 13.573M
Context
The latest EIA inventory report shows significant draws across crude, gasoline, and distillate stocks, suggesting stronger-than-expected demand for energy products. The larger-than-anticipated declines may shift sentiment positively, impacting crude prices upward, as the market absorbs these supply-side adjustments against production rates.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#GEOPOLITICAL#ENERGY#EU SESSION#US SESSION#HIGHLIGHTED#WTI#BRENT#COMMODITIES#GASOLINE#EIA#ENERGY & POWER