US EIA Gasoline Stocks Change (Mar/27) -0.585M (Prev. -2.593M)
The latest EIA gasoline stocks report shows a decrease of 0.585M barrels compared to a larger decline of 2.593M in the previous report.
US VP Vance has reportedly been speaking with intermediaries about the Iran conflict as recently as Tuesday, Reuters sources say
[MARKET UPDATE] Crude prices see upticks in recent trade despite a lack of fresh factors, although the Iranian Foreign Ministry spokesperson recently rebuffed Trump's claims of Iran's ceasefire request
US EIA Gasoline Stocks Change (Mar/27) -0.585M (Prev. -2.593M)
Fed’s Musalem says he has lowered the probability of the baseline scenario and increased the likelihood of alternative scenarios; US economy was already overheated during the 2022 oil price shock and did not overheat now
EIA Expectations: Crude 2.0M, Distillate -1.1M, Gasoline -1.9M
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This smaller reduction may indicate a potential stabilization in the supply-demand balance, affecting gasoline prices. Traders should watch how this impacts sentiment in the energy markets and related inflation expectations.
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