US EIA Gasoline Stocks Change (May/08) -4.084M vs. Exp. -2.85M (Prev. -2.504M)
The US EIA reported a larger-than-expected decrease in gasoline stocks of 4.084 million barrels, significantly surpassing the expected drop of 2.85 million.
The US has reached framework agreements with companies to expand military strike capabilities
FTC reportedly files a suit over alleged Shutterstock (SSTK) misleading subscription plans
US EIA Gasoline Stocks Change (May/08) -4.084M vs. Exp. -2.85M (Prev. -2.504M)
JBS (JBS) Executive says with Brazil reaching its quota for beef exports to China, cattle prices may decrease and favour sales in the domestic market
EIA Expectations: Crude -2.1M, Gasoline -2.85M, Distillate -2.83M
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This decline could indicate stronger demand or supply constraints, suggesting potential upward pressure on gasoline prices and possibly affecting broader energy markets.
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