Weekly Crude Build Overpowers Gasoline Draw According to Macquarie Analysts

Monday, 10 June 2024, 19:18
In the latest market report by Macquarie, insights reveal a significant weekly build in crude stocks that outstrips the drawdown in gasoline reserves. The analysis by Macquarie emphasizes the potential impacts of this opposing trend on the energy market in the near future as oil prices react to the shifting supply dynamics. The contrast between rising crude inventories and declining gasoline stockpiles poses challenges and opportunities for traders and investors.
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Weekly Crude Build Overpowers Gasoline Draw According to Macquarie Analysts

Market Update: Macquarie Analysts Predict

Macquarie's report highlights a notable weekly trend in the energy sector. While the crude inventories are on the rise, notably outweighing the decline in gasoline stocks, experts predict a shift in market dynamics.

Expert Analysis and Potential Impacts

  • Crude Build: Weekly inventory levels show a significant build-up.
  • Gasoline Drawdown: Contrasting the crude trend, gasoline reserves dip.
  • Macquarie's forecast presents challenges and opportunities for investors.
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