US EIA Gasoline Production Change (Jan/16) -0.246 (Prev. 0.029)
The U.S.
Bank of America (BAC) and Citigroup (C) weigh new credit cards with 10% rate, Bloomberg reports
US 30-yr fixed rate mortgage averages 6.09% in Jan 22 week vs 6.06% prior week
US EIA Gasoline Production Change (Jan/16) -0.246 (Prev. 0.029)
Copper production at a Capstone Copper Corp. mine in northern Chile has halted amid a nearly three-week labour strike, Bloomberg reports
Atlanta Fed GDPnow (Q4): 5.4% (prev. 5.4%)
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EIA reported a significant decline in gasoline production, dropping by 0.246 million barrels per day from a previous increase of 0.029. This sharp contraction could signal tighter supplies in the gasoline market, potentially pushing prices higher if demand remains steady. Traders should monitor the implications for crude oil prices and overall commodity inflation as this trend develops.
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