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Crude oil inventories in the current week -6.014M versus -1.759M estimate
- Crude oil inventories for the current week
Weekly oil inventory data will be released at the bottom of the hour
- The private data released late yesterday showed a drawdown -2.4 million barrels of crude oil
Risk off day for tech with treasuries & USD catching a bid
- Stocks slipped as mega-cap tech led losses, defensives outperformed, Treasuries rallied, oil eased, and the dollar firmed (yen strongest) with eyes on FOMC minutes and Jackson Hole
Oil private survey of inventory showed headline crude draw of -2.4MLN vs -1.2MLN expected
- This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Hurricane Erin nears Bahamas, heads toward US Atlantic coast
- Erin is moving northwest near the Bahamas with 125 mph winds, bringing high surf and possible tropical storm conditions to parts of the Bahamas and US coast.
Cross Asset Snapshot: choppy start across markets with eyes on jackson hole
- Stocks went sideways, oil firmed, yields ticked up and the dollar edged higher
Hurricane Erin strengthens into a major storm near Grand Turk
- Hurricane Erin has intensified with 125 mph winds and is expected to create life-threatening surf and rip currents along the US East Coast
Commodities struggling a bit this morning
- Nothing major apart from markets digesting the weekend's Trump/Putin meeting
Baker Hughes oil rig count +1 at 412
- The weekly Baker Hughes rig count
Crude oil markets are focused on Friday’s meeting between Trump and Putin in Alaska
- I'm not sure why folks expect progress on ending the Russian war on Ukraine.
Crude oil futures settle at $63.96
- Up $1.31 or 2.09%
Crude Oil Technical Analysis – Trump-Putin summit in focus
- The higher supply expectations have been weighing on the market as we approach the Trump-Putin summit. What’s next?
Oil traders heads up, here's what will trigger a plunge in Brent crude oil to the low $60s
- Citi says Brent could drop to $60 on US-Russia deal or climb above $90 on strong demand
US crude oil futures settle at $62.65
- Down $0.52 or -0.82% on the day
US crude oil inventories +3.036M vs -0.275M estimate
- Weekly crude oil inventory data
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