WTI crude oil gained on a larger-than-expected decline in U.S. crude inventories.
- Oil inventories: -1.630 M, Expected: -0.1 M
Gasoline +69k
Distillet +125k
Cushing -1.979 M -ย biggest draw since Jan
Production 13.2 Mb/d, -100k b/d
WTI crude oil gained on a larger-than-expected decline in U.S. crude inventories.
The Federal Reserve's decision to cut interest rates by 50 basis points came as quite a surprise to the market, even though the market gave a 65% probability...
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