Private Crude Inventories Expectations: Crude (exp. +1.8mln), Distillate (exp. -0.2mln), Gasoline (exp. +2.5mln)
The expectations for private crude inventories suggest a potential increase in crude oil stocks, which could weigh on prices if confirmed.
Australia's Nationals Leader says coalition can no longer continue
US Private Inventory Data (bbls): Crude +3.0mln (exp. +1.8mln), Distillate -0.03mln (exp. -0.2mln), Gasoline +6.2mln (exp. +2.5mln), Cushing +1.2mln
Private Crude Inventories Expectations: Crude (exp. +1.8mln), Distillate (exp. -0.2mln), Gasoline (exp. +2.5mln)
Greenland deal is reportedly to involve small pockets of land, the NYT reports
US President Trump’s deal for Greenland is said to involve small pockets of land, according to NYT
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A rise in gasoline inventories, along with a decrease in distillates, may also reflect shifting demand dynamics, impacting refining margins. Overall, traders should be preparing for possible volatility depending on the actual figures versus these expectations.
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