US EIA Gasoline Stocks Change (Jan/23) 0.224M vs. Exp. 1.30M (Prev. 5.977M)
The US EIA's report shows a smaller-than-expected draw in gasoline stocks, with a change of 0.224M versus the anticipated 1.30M.
US State Secretary Rubio says that relations with Greenland are in a good place; processes are in place to ensure a good outcome
BoC Deputy Rogers says that this is a big year for mortgage renewals and they expect rollovers to see pay increases
US EIA Gasoline Stocks Change (Jan/23) 0.224M vs. Exp. 1.30M (Prev. 5.977M)
US Secretary of State Rubio says that Venezuela under Maduro posed a strategic risk to the US and it will take time for the transition out of Maduro to take place
US Treasury Secretary Bessent there will be some "exciting announcements" coming today
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This underperformance compared to expectations could indicate weaker demand or increased supply pressures in the gasoline market, which might impact pricing and trading strategies going forward.
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