US EIA Refinery Crude Runs Change (Feb/20) -0.416 (Prev. 0.077)
The latest US EIA data indicates a notable decline in refinery crude runs, dropping from a previous increase.
Fed's Barkin (2027 voter, Neutral) says they should not immediately assume that people will be displaced by AI; AI will provide opportunities for workers to do higher-skilled tasks
US Treasury Secretary Bessent says the US Treasury will continue to pressure Iran on weapons
US EIA Refinery Crude Runs Change (Feb/20) -0.416 (Prev. 0.077)
EIA Expectations: Crude 1.84M, Distillate -1.2M, Gasoline -0.272M
JPMorgan raises its long-term gold forecast to USD 4,500/oz, keeps its 2026 year-end forecast at USD 6,300/oz
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This contraction may suggest reduced demand for crude inputs, potentially tightening crude supply outlook in the market. Traders should watch for implications on WTI and Brent prices, as well as the broader energy sector, reflecting the balance between supply and demand dynamics.
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