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Tag: Gasoline and Distillates

Oil and gold tumble as central bank tightening threatens global outlook, Bitcoin at $30k – MarketPulse

Oil Oil prices are going to remain heavy as central bank tightening will kill the global growth outlook. â€‹ Energy traders will keep a close...

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Oil higher post CPI & EIA report, gold steady

Oil extends rally on EIA drawdown Crude prices extended gains after oil inventories fell to the lowest levels since October 2018.  The EIA crude oil inventory posted a larger-than-expected headline decline of 4.55 million barrels versus an expected 1.6 million draw. Both gasoline and distillate inventories rose as consumption decreased.  Gasoline demand was weaker-than-expected and […]

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