US EIA Distillate Stocks Change (Apr/17) -3.427M
The reduction of 3.427M in US distillate stocks is a significant draw and suggests stronger demand or constrained supply in this segment.
Iran reportedly has no plans to negotiate with the US on Friday, according to Tasnim
US Attorney Pirro says Fed investigation continues, appealing the decision of Judge Boasberg
US EIA Distillate Stocks Change (Apr/17) -3.427M
[Reuters withdraws report, says sources were wrong] Trump reportedly willing to give Iran another 3-5 days for ceasefire, Reuters reports citing sources
US Treasury Secretary Bessent says he think Iran conflict will end, and gas prices will drop; gas prices may even get lower than pre-war
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This could indicate heightened pressure on distillate prices and has implications for broader energy markets, especially amidst ongoing geopolitical tensions and supply chain concerns.
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