US Weekly Private Inventory Data (bbls): Crude -0.2mln (exp. +1.8mln), Distillate +2.0mln (exp. -0.6mln), Gasoline-0.4mln (exp. +1.0mln), Cushing -0.0mln
The latest US Weekly Private Inventory Data shows a notable draw in crude oil inventories, contrary to expectations for a build, which could signal tighter supply conditions.
Texas Instruments (TXN) CEO says revenue in data centre segment rose 70% in Q4
US President Trump says we will find a solution together with South Korea when asked about his announcement of raising tariffs against Korea
US Weekly Private Inventory Data (bbls): Crude -0.2mln (exp. +1.8mln), Distillate +2.0mln (exp. -0.6mln), Gasoline-0.4mln (exp. +1.0mln), Cushing -0.0mln
Newsquawk US Market Wrap: De-dollarisation continues as markets await FOMC & Mag-7 earnings
SQM says Codelco JV greenlit after Tianqi appeal rejection
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Meanwhile, the increase in distillate stocks and a slight draw in gasoline indicate mixed demand signals, suggesting that while crude might support prices, refinery dynamics could be impacting overall sentiment in the energy market.
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