US EIA Gasoline Stocks Change (Jan/30) 0.685 (Prev. 0.223, Rev. From 0.224)
The latest EIA data shows that gasoline stocks increased by 0.685 million barrels, a significant rise compared to the previous week's increase of 0.223 million barrels.
Trump on China: "Just completed an excellent telephone conversation with President Xi, of China. It was a long and thorough call, where many important subjects were discussed, including Trade, Military, the April trip that I will be making to China"
UBS (UBSG SW) exec says they expect Q1 expectations to remain on track and personal and corporate banking to remain broadly stable in USD terms
US EIA Gasoline Stocks Change (Jan/30) 0.685 (Prev. 0.223, Rev. From 0.224)
AbbVie (ABBV) exec says that they have plenty of firepower to pursue both early and late stage M&A opportunities
US Treasury Secretary Bessent says they must avoid temptation of a zero-risk financial system
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This larger-than-expected build may indicate weaker demand or an over-supply situation, which could put downward pressure on gasoline prices and influence the broader energy markets given its implications on supply-demand dynamics.
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