Commodities (Crude Oil & Copper) & Macro Outlook

UK gilt yields rose on the 22nd despite cooling inflation, with the 10-year yield reaching 5.0512% at 8:16am local time, up 1.60 basis points from the previous session. June consumer price index data showed inflation rising 2.6% year-over-year, below the 2.7% market forecast. The increase reflects i

According to the Energy Information Administration, U.S. gasoline inventories increased by 765,000 barrels for the week of July 17, compared with a decline of 1.533 million barrels in the previous week.

According to the U.S. Energy Information Administration (EIA), U.S. crude oil imports for the week ended July 17 reached 485,000 barrels, reversing the previous week's outflow of 399,000 barrels.

According to the U.S. Energy Information Administration (EIA), the nation's oil refinery capacity utilization rate declined 0.1% for the week ending July 17, down from 0.4% in the prior week.

According to the U.S. Energy Information Administration, gasoline inventories declined by 76.5 million barrels for the week ended July 17. The figure beat expectations of a 151.7 million barrel decline and compared to a 153.3 million barrel drop in the prior week.

According to the U.S. Energy Information Administration (EIA), crude oil inventories increased by 2.01 million barrels for the week ending July 17, exceeding expectations of a 1.052 million barrel decline and reversing the prior week's 1.692 million barrel

U.S. crude oil imports surged to 280,000 barrels per day in the week ending July 17, according to EIA data, up significantly from 13,000 bpd in the prior week.

According to the U.S. Energy Information Administration, crude oil production fell by 58,000 barrels per day in the week ending July 17, reversing the prior week's gain of 99,000 barrels per day.

According to EIA data released for the week ended July 17, U.S. refinery crude oil inventory stood at 1.395 million barrels, exceeding market expectations of 738,000 barrels. The inventory fell sharply from the prior week's 4.556 million barrels.

According to EIA data, Cushing, Oklahoma crude oil inventories fell 674,000 barrels for the week ending July 17, compared with a previous increase of 430,000 barrels.

According to EIA data, U.S. crude oil production demand reference for the week ending July 17 declined to 19.317 million barrels per day from 19.792 million barrels per day in the prior week, marking a decrease of 475,000 barrels per day.

According to the U.S. Energy Information Administration (EIA), the Strategic Petroleum Reserve declined by 5.057 million barrels in the week ending July 17, compared to a decrease of 2.985 million barrels in the prior week.

According to EIA data, U.S. gasoline production rose 6 million barrels per day for the week ended July 17, reversing a prior-week decline of 9.6 million barrels per day.

According to EIA data, U.S. heating oil inventories rose to 231,000 barrels for the week ended July 17, up significantly from 30,000 barrels the previous week.

According to the U.S. Energy Information Administration (EIA), refinery equipment utilization rate reached 96.1% for the week ended July 17, exceeding the forecast of 95.9% and declining slightly from the prior week's 96.2%.

According to the U.S. Energy Information Administration, reformulated gasoline inventories fell to 0 barrels for the week ending July 17, down from 3,000 barrels in the previous week.

According to Investing Live on July 22, Houthi forces declared a naval blockade of the Red Sea against Saudi Arabia, prompting four oil tankers to change course, with two redirecting to the Suez Canal. Vessel tracking data shows ships bound for or departing from Saudi Arabia face increased attack

According to Yonhapinfomax, UK 10-year gilt yields rose to 5.0512% on July 22, up 1.60 basis points from the previous close, while 2-year and 30-year yields increased 1.45bp and 0.60bp respectively. The rise occurred despite June consumer price inflation cooling to 2.6% year-over-year, below

According to Tasnim, Iran's military warned on July 22 that it would strike energy infrastructure in the Middle East if the United States attacks Iranian power stations.

The U.S. Energy Information Administration (EIA) will release crude oil inventory data for the week ended July 17 in approximately 10 minutes. The report will include EIA crude oil inventory, Cushing crude oil inventory, and Strategic Petroleum Reserve inventory.