US EIA Distillate Stocks Change (Jan/02) 5.594M vs. Exp. 2.2M (Prev. 4.977M)

The significant increase in US EIA distillate stocks, rising to 5.594 million barrels compared to expectations of just 2.2 million, underscores weaker than anticipated demand or increased supply in the distillate market.

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US EIA Distillate Stocks Change (Jan/02) 5.594M vs. Exp. 2.2M (Prev. 4.977M)

[MARKET UPDATE] Hawkish reaction following the US ISM Services figure where the headline topped expectations; session high for DXY (98.64) whilst USTs are eyeing session lows; US equity futures also pressured across the board, RTY -0.9%

EIA Expectations: Crude 1.1M, Distillate 2.2M, Gasoline 2.9M

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This larger than expected build could put downward pressure on distillate prices and may signal implications for the energy sector as it reflects broader economic health and consumer activity.

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