Crude Inventory 2.42M Barrels vs 2.03M Expected
U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending February 3, 2023 which was 448 thousand barrels per day more than the previous week’s average. Refineries operated at 87.9% of their operable capacity last week. Gasoline production decreased last week, averaging 9.1 million barrels per day. Distillate fuel production slightly decreased last week, still averaging 4.7 million barrels per day. U.S. crude oil imports averaged 7.1 million barrels per day last week, decreased by 225,000 barrels per day from the previous week. Over the past four weeks, crude oil imports averaged ... (full story)
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post at 10:00am: ECB'S KNOT SAYS HEADLINE INFLATION APPEARS TO HAVE PEAKED: MNI post at 10:00am: ECB'S KNOT: I EXPECT US TO TAKE SMALLER STEPS ONCE WE SEE A CLEAR, DECISIVE TURN IN UNDERLYING INFLATION DYNAMICS. post at 10:00am: ECB's Knot: - Headline Inflation Appears to Have Peaked - Sharp Decrease in Energy Prices Could Bring Down Headline Inflation Faster Than Projected by ECB - Slowdown in Growth Seems Even More Shallow, Short-Lived Than Expected; Sees Probably No Recession In Winter post at 10:11am: ECB's Knot: -It will take time for core inflation to slow -Core services inflation could prove persistent post at 10:19am: Ecb's knot: i sees early signs of tightening in the housing market and credit.
post at 9:52am: Fed's Cook: - Strongly Committed to Both Price Stability and Employment Mandates of the Fed - Data Are Telling a Pretty Clear Story of a Historically Strong Labor Market, with Still Elevated Inflation - Inflation is Still Running Too High Even Though It Has Moderated post at 9:54am: FED'S COOK: THE FED IS INTENT ON RESTORING PRICE STABILITY AND WILL REQUIRE RESTRICTIVE MONETARY POLICY FOR SOME TIME. post at 9:54am: FED'S COOK: WITHOUT STABLE PRICES, IT WILL BE HARD TO MAINTAIN MAXIMUM EMPLOYMENT. post at 10:00am: FED'S COOK: I BELIEVE INFLATION CAN BE CONTAINED WITHOUT A LARGE INCREASE IN UNEMPLOYMENT. post at 10:03am: Fed's Cook: - In Times of Uncertainty Important Not to Take Too Much Signal From Two or Three Data Points - Will Use Tools Forcefully To Avoid Entrenched Inflation - Appropriate Now to Move in Smaller Steps as Fed Assesses Cumulative Impact of Rate Increases So Far
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post at 10:37am: ECB'S KNOT: THE APP REINVESTMENT TRAJECTORY IS TOWARD A FULL STOP. post at 10:40am: ECB's Knot: - Trajectory for APP Reinvestments is Towards Full Stop - Stopping APP Reinvestments Should Be Ultimate Goal - Likelyhood That Core Inflation Becomes Higher Than Headline Inflation is There
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