EIA weekly US crude oil inventories -7227K vs -3974K expected
Prior was -7974KGasoline +186K vs -471K expectedDistillates -200K vs -488K expectedAPI data from late yesterday:Crude -9120KGasoline -1190KDistillates +1320KThat API crude number was an eye-opener and it's part of why WTI…
Trump Situation Room meeting on Iran strike options, one is big scale, short duration
Trump scrambling for ideas to end his stalemate. Reports are that one option under discussion was for a large strike campaign, but short in duration. Goal is to convince Iran…
Cliff Notes: Stuck in the Moment
Key insights from the week that was. Our latest Westpac-MI Consumer Sentiment Survey proves the tense backdrop of elevated inflation, restrictive interest rates and heightened economic and political uncertainty is…
WTI Midland crude differentials decline as Moeve lowers offer
WTI Midland crude differentials decline as Moeve lowers offer Source link
Northwest European gasoline margins climb despite crude decline
Northwest European gasoline margins climb despite crude decline Source link
Bombing across southern Iran near Hormuz, also Tehran, Hegseth strike threat materialises
Reports of explosions near major energy and petrochemical infrastructure on the Strait of Hormuz are likely to trigger an immediate jump in oil prices, with Brent and WTI both vulnerable…
Indian Rupee: External shocks pressure currency outlook – Commerzbank
Commerzbank analysts Charlie Lay and Moses Lim argue that the Rupee remains vulnerable to external shocks, notably Middle East tensions, higher energy costs and El Nino-related risks. They stress India’s…
WTI Price Forecast: RSI points lower as prices remain below key SMAs
West Texas Intermediate (WTI) pares some part of earlier losses on Friday as markets seek confirmation of a possible US-Iran agreement, prompting traders to refrain from placing aggressive bearish bets.At…
April’s Manufacturing, Wholesale and Retail Data to Point to Canada’s Growth Rebound
April’s manufacturing and wholesale reports on Monday and retail sales on Friday should support the Bank of Canada’s (and our) outlook of Canada’s growth resuming in Q2 after Q1’s contraction.…
British Pound: Poised to fall toward 1.3100 against US Dollar – BBH
Brown Brothers Harriman’s Elias Haddad says GBP/USD has given back part of its US-Iran-related gains and is expected to fall to 1.3100 as United States (US) growth outpaces the United…
