US EIA Gasoline Stocks Change (Feb/20) -1.011 (Prev. -3.213)
The recent EIA report shows a smaller decline in gasoline stocks than the previous week, suggesting that inventory levels may be stabilizing.
Fed's Barkin (2027 voter, Neutral) says they should not immediately assume that people will be displaced by AI; AI will provide opportunities for workers to do higher-skilled tasks
US Treasury Secretary Bessent says the US Treasury will continue to pressure Iran on weapons
US EIA Gasoline Stocks Change (Feb/20) -1.011 (Prev. -3.213)
EIA Expectations: Crude 1.84M, Distillate -1.2M, Gasoline -0.272M
JPMorgan raises its long-term gold forecast to USD 4,500/oz, keeps its 2026 year-end forecast at USD 6,300/oz
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This smaller reduction could impact supply dynamics, influencing gasoline prices and broader commodity market sentiment, especially if demand remains robust.
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