US EIA Heating Oil Stocks Change (Mar/20) -0.241M (Prev. -0.081M)
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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 Heating Oil Stocks Change (Mar/20) -0.241M (Prev. -0.081M)
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 latest EIA data shows a significant draw of 0.241 million barrels in heating oil stocks compared to the previous draw of just 0.081 million. This larger-than-expected decline may signal tightening supply conditions, potentially putting upward pressure on prices amid ongoing geopolitical tensions that impact energy markets.
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