US EIA Gasoline Production Change (Jan/02) -0.472 (Prev. -0.352)

The recent report from the US EIA indicating a decrease in gasoline production is notable, as it fell from a previous change of -0.352 to -0.472.

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US EIA Gasoline Production Change (Jan/02) -0.472 (Prev. -0.352)

[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 contraction in supply could tighten the market, potentially supporting prices, especially as the overall demand dynamics remain critical. Traders should monitor implications for inflation and energy-related commodities, as this trend may influence broader market sentiment.

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