Oil prices are surging this morning, playing catch up to gold and crypto,
DOE
-
Crude -4.87mm (-275k exp)
-
Cushing -875k
-
Gasoline +3.328mm
-
Distillates +3.454mm
US crude stocks fell for the third straight week (more than expected)
Source: Bloomberg
This draw dragged crude stocks down to their lowest since February…
Source: Bloomberg
The Biden admin added 650k barrels to SPR last week…
Source: Bloomberg
US crude production remains at record highs while rig counts fell to their lowest since Jan 2022…
Source: Bloomberg
WTI is extending gains after the crude draw…
Source: Bloomberg
Not a great picture for pump prices and inflation?
Bitcoin 
Ethereum 
Tether 
TRON 
Stellar 
Litecoin 
Monero 
Ethereum Classic 
VeChain 
Maker 
EOS 
Tezos 
Zcash 
NEO 
Dash 
0x Protocol 
Decred 
NEM 
Ontology 
Lisk 
OMG Network 
Bitcoin Gold