Uncertainty surrounding U.S. tariff decisions is likely to continue affecting market sentiment regarding forward demand. Traders are closely monitoring developments, especially related to the European Union. Recent inventory figures add to the uncertainty; U.S. crude stocks saw a draw, but increases in gasoline and distillate inventories indicate demand may be below seasonal expectations. Upcoming data will be critical, as stronger draws could support prices while weaker data may lead to losses. The EU’s sanctions on Russian crude-derived products have failed to provoke significant price movements due to concerns over enforcement and potential circumvention.
Lingering uncertainty over U.S. tariff decisions could continue to dampen sentiment around forward demand, urging traders to monitor developments, especially with the EU.
Inventory figures have introduced uncertainty; U.S. crude stocks posted a draw, but increased gasoline and distillate inventories suggest underlying demand is underwhelming.
Stronger draws in upcoming data could support the market, while mixed or softer data may lead to increased losses, indicating traders are cautious about demand.
The EU's sanctions on refined products from Russian crude have not caused sustained price changes, mainly due to doubts about enforcement and circumvention risks.
Collection
[
|
...
]