US EIA Refinery Crude Runs Change (Jan/02) 0.062M (Prev. 0.071M)
The US EIA's latest report indicates a slight decrease in refinery crude runs, dropping to 0.062 million barrels from the previous 0.071 million.
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US EIA Refinery Crude Runs Change (Jan/02) 0.062M (Prev. 0.071M)
[MARKET UPDATE] Hawkish reaction following the US ISM Services figure where the headline topped expectations; session high for DXY (98.64) whilst USTs are eyeing session lows; US equity futures also pressured across the board, RTY -0.9%
EIA Expectations: Crude 1.1M, Distillate 2.2M, Gasoline 2.9M
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This marginal decline could signal a tightening in supply, potentially supporting oil prices if the trend continues, especially in a market already sensitive to supply shocks.
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