Commodities (Crude Oil & Copper) & Macro Outlook

US Treasury yields surged to their highest levels since 2002 as global bond selling intensified amid rising oil prices and fiscal concerns. The 30-year Treasury yield reached 5.73% intraday, while the 10-year yield climbed to 5.356%, driven by Middle East tensions pushing Brent crude to $102.23

According to the U.S. Energy Information Administration (EIA), gasoline inventories in the U.S. Midwest fell to historic lows last week.

According to the U.S. Energy Information Administration, gasoline inventories along the U.S. Gulf Coast declined to their lowest level since September 2017 last week.

According to EIA data, U.S. gasoline output fell to 959.96 million barrels per day for the week ending October 2, down from 961.99 million barrels per day in the prior week.

According to EIA data, U.S. crude oil implied demand rose to 21.274 million barrels per day for the week ended October 2, up from 19.521 million barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), the strategic petroleum reserve inventory as of the week ending October 2 declined to its lowest level since October 15, 1982.

According to U.S. EIA data, crude oil production for the week ending October 2 reached 223,000 barrels per day, compared to negative 554,000 barrels per day the previous week.

According to EIA, U.S. refined oil inventory declined by 42,000 barrels in the week of October 2, compared to a decrease of 2.251 million barrels in the previous week.

U.S. crude oil inventories fell 42,000 barrels for the week ending October 2, according to the Energy Information Administration (EIA). This compares with a decline of 2.251 million barrels in the prior week, marking a significant slowdown in inventory

According to EIA data for the week ended October 2, U.S. reformulated gasoline inventories declined 1,000 barrels, compared with a decline of 3,000 barrels in the previous week.

According to the U.S. Energy Information Administration (EIA), refined oil production for the week ending October 2 increased to 287,000 barrels per day, compared to a prior week decline of 156,000 barrels per day.

U.S. EIA gasoline production fell to -117,000 barrels per day for the week ending October 2, compared to -124,000 barrels per day the previous week.

According to the Energy Information Administration (EIA), U.S. crude oil inventories for the week ending October 2 declined by 3.186 million barrels, compared to market expectations of a 1.722 million barrel

According to the U.S. Energy Information Administration (EIA), crude oil imports fell 53,000 barrels for the week ending October 2, compared to a decline of 468,000 barrels in the previous week.

According to EIA data, U.S. refinery equipment utilization rate for the week ended October 2 reached 92.7%, surpassing the forecast of 92.2% and slightly above the prior week's 92.5%.

According to the U.S. Energy Information Administration (EIA), refinery crude oil inventories declined by 42,000 barrels for the week ended October 2, significantly undershooting the expected decline of 2.11 million barrels and the prior week's decline of 2.251 million barrels.

According to EIA data, U.S. gasoline inventories rose 382,000 barrels for the week ending October 2, compared to a decline of 1.684 million barrels in the previous week.

According to EIA data, U.S. crude oil inventories at Cushing, Oklahoma fell to 444,000 barrels for the week ending October 2, down from 553,000 barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), strategic petroleum reserves declined by 784,000 barrels for the week ended October 2, slightly improving from the previous week's 785,000-barrel

According to the U.S. Energy Information Administration (EIA), heating oil inventories for the week ending October 2 increased to 668,000 barrels, compared with a decline of 620,000 barrels in the prior week.