Weekly private inventory data (bbls): Crude -8.1mln (exp. -2.8), Gasoline -6.1mln (exp. -1.7mln), Distillates -4.6mln (exp. -2mln), Cushing -1.1mln
The latest private inventory data shows significant draws in crude oil, gasoline, and distillates, all exceeding expectations.
The two US commercial ships that crossed the Strait of Hormuz on Monday had military security aboard, NBC reports citing sources
Entergy (ETR) is to offer USD 2.175bln of shares, Bloomberg reports
Weekly private inventory data (bbls): Crude -8.1mln (exp. -2.8), Gasoline -6.1mln (exp. -1.7mln), Distillates -4.6mln (exp. -2mln), Cushing -1.1mln
Coty (COTY) Q3 2026 (USD): Adj. EPS -0.03 (exp. 0.00), Revenue 1.28bln (exp. 1.27bln)
Corteva Inc (CTVA) Q1 2026 (USD): Adj. EPS 1.50 (exp. 1.17), Adj. Revenue 4.73bln (exp. 4.64bln)
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This larger-than-expected reduction in inventories suggests tighter supply conditions, which could support oil prices and influence market sentiment toward energy sectors amid ongoing demand concerns.
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