US EIA Gasoline Stocks Change (Mar/20) -2.593M (Prev. -5.436M)
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Head of the Iranian Government Information Council says the 15-point plan claimed by Trump is a list of impossible wishes, IRNA reports
Volkswagen's (VOW3 GY) COO is to resign
US EIA Gasoline Stocks Change (Mar/20) -2.593M (Prev. -5.436M)
Senior Iranian Official says Iran's initial response to the US proposal is "not positive" but Iran is still reviewing the proposal, Reuters reports
EIA Expectations: Crude -0.6M, Distillate -1.0M, Gasoline -2.0M
On the Newsquawk feed at , 20 minutes before this page.
Context
The EIA report shows a gasoline stocks decline of 2.593 million barrels, which is a smaller draw compared to the previous week's decline of 5.436 million barrels. This suggests a slowing in the rate of inventory reduction, which could indicate easing demand or increased supply. Market participants may interpret this as a signal for potential shifts in pricing dynamics, with implications for both crude oil and gasoline futures.
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