WS #11164
EIA reported a smaller-than-expected crude draw, a surprise distillate build, and a larger gasoline draw, leading to Brent and WTI declines while gasoline futures rose. Ukrainian drone attacks on Russian oil refineries continue, causing a summer fuel crisis in Russia, but this is an ongoing theme with no new escalation in this window.
EIA Weekly Petroleum Data
EIA reported a smaller-than-expected crude draw, a surprise distillate build, and a larger gasoline draw, leading to Brent and WTI declines while gasoline futures rose.
Ukrainian drone attacks on Russian oil refineries continue, causing a summer fuel crisis in Russia, but this is an ongoing theme with no new escalation in this window.