US EIA Distillate Fuel Production Change (Feb/20) -0.136 (Prev. 0.028)
The drop in US EIA distillate fuel production from a previous gain indicates potential tightening in supply, which could support higher prices in the distillate market.
Fed's Barkin (2027 voter, Neutral) says they should not immediately assume that people will be displaced by AI; AI will provide opportunities for workers to do higher-skilled tasks
US Treasury Secretary Bessent says the US Treasury will continue to pressure Iran on weapons
US EIA Distillate Fuel Production Change (Feb/20) -0.136 (Prev. 0.028)
EIA Expectations: Crude 1.84M, Distillate -1.2M, Gasoline -0.272M
JPMorgan raises its long-term gold forecast to USD 4,500/oz, keeps its 2026 year-end forecast at USD 6,300/oz
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This may have implications for overall energy inflation and could influence strategic positioning in oil-related markets ahead of the US session.
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