Prior was -1680K
gasoline +7503K vs +3000K exp
Distillates +2967K vs +1350K exp
Refinery utilization -1.50% vs -0.60% exp
That's a big build in gasoline. WTI crude jumped 30 cents on the headline but came right back to unchanged.
Inventories have been tightening since the start of December.
Most Popular
Sponsored
Analysts warn Hormuz will reopen gradually despite a US-Iran deal, with mine clearance, war-risk insurance and stranded vessel backlogs keeping energy flows well below prewar levels for months.
S&P Global Ratings says the US-Iran Hormuz framework aligns with its base case but won't alter forecasts, warning shipping recovery will remain well below pre-war levels into 2027.
Nvidia eyes $20B bond sale, retaking key levels. AI boom fuels debt offering, boosting yields.
SpaceX IPO valuation soars past $10B! Musk's wealth rides on market's fragile foundation.
Economic and event calendar in Asia Tuesday, June 16 - BOJ and RBA double the fun. Bank of Japan hike expected, while a hold for the RBA is the call.
SpaceX shares soar 2nd day post-IPO, boosting market sentiment. Fear gauge tumbles.
China's reduced oil imports are capping global prices, impacting energy sector valuations.
Sponsored
Must Read
