US EIA Distillate Stocks Change (Jan/09) -0.029M vs. Exp. -0.2M (Prev. 5.594M)
The US EIA reported a smaller-than-expected decline in distillate stocks, with a change of -0.029M versus an expectation of -0.2M.
US Senate Republican leader Thune says he is not sure if he has the necessary votes to stop the War Powers act coming to a vote today
BoE's Ramsden says "we are considering what failure arrangements are necessary for systemic stablecoins"
US EIA Distillate Stocks Change (Jan/09) -0.029M vs. Exp. -0.2M (Prev. 5.594M)
The US has reportedly informed its personnel in Saudi Arabia to exercise caution
EIA Expectations: Crude -2.2M, Distillate -0.2MM, Gasoline 4M
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This suggests that supply pressures may not be as tight as anticipated, impacting sentiment in the energy markets and potentially easing upward pressure on prices as traders assess the demand outlook and overall inventory levels.
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