US Private Energy Inventories (bbls): Crude +6.1mln (exp -1.3mln), Distillate -3.4mln (exp. -2.5mln), Gasoline +0.6mln (exp. -2.2mln), Cushing -1.7mln
The larger-than-expected build in U.S.
Explosions were reported in Ukraine's Zaporizhzhia region
White House Economic Advisor Hassett says real income growth is very high and he is confident the economy will be strong this year
US Private Energy Inventories (bbls): Crude +6.1mln (exp -1.3mln), Distillate -3.4mln (exp. -2.5mln), Gasoline +0.6mln (exp. -2.2mln), Cushing -1.7mln
White House says more than 100 empty oil tankers are on their way to U.S. ports to load American crude, CBS reports
Newsquawk US Market Wrap: Risk-on sentiment seen amid greater optimism surrounding US/Iran talks
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crude oil inventories suggests weaker demand than anticipated, which could pressure prices in the near term. Meanwhile, the declines in distillate inventories indicate some resilience in that segment, though the gasoline build strengthens concerns over consumer demand. Overall, this mix may impact the broader commodities space and oil market sentiment regarding supply-demand dynamics.
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