Last week’s EIA refined oil inventory change in the U.S. (thousands of barrels) as of 0731 fell short of expectations: -347.3 vs 20.6

U.S. EIA refined oil inventories dropped by 3.473 million barrels last week, significantly missing the 206,000-barrel forecast. The sharp drawdown signals strong demand or supply constraints, potentially supporting energy sectors while raising concerns ab

Last week, the U.S. EIA reported a change in refined oil inventories of -3.473 million barrels, well below the expected 206,000 barrels and the previous value of 1.062 million barrels. Such a significant reduction in inventories indicates strong demand or constrained supply, which could support liquidity in energy-related sectors.

However, attention should be paid to potential disruptions to inflation expectations and the Federal Reserve’s policy stance.