NY Fed's Perli says Fed's Reserve Management purchases are not on a pre-set coruse; central clearing of Fed repo operations would have benefits; monetary policy toolkit has been working well

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US Weekly Private Inventory Data (bbls): Crude +1.8mln (exp. -0.6mln), Gasoline -2.2mln (exp. +0.2mln), Distillate -2.2mln (exp. -0.5mln), Cushing +2.1mln

Saudi missile strikes reported on northern Yemen's Saada

NY Fed's Perli says Fed's Reserve Management purchases are not on a pre-set coruse; central clearing of Fed repo operations would have benefits; monetary policy toolkit has been working well

US Market Wrap: Oil prices drop, stocks mixed as Trump says US-Iran meeting was very productive

President Trump's envoys Witkoff & Kushner will meet tonight in NY with the Ukrainian negotiations team & the national security advisers of UK, France and Germany to discuss Ukrainian proposals for de-escalation deal with Russia, Axios reports

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