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  • Calendar event / Yesterday at 16:00 GMT
    High Crude Oil Stocks, Net Chg (Bbl)
    -2.3M
    -6.861M
    High Gasoline Stocks, Net Chg (Bbl)
    +2.6M
    +3.62M
    High Distillate Stocks, Net Chg (Bbl)
    +0.1M
    -3.887M
    Med Crude Oil Stocks (Bbl)
    412.654M
    Med Gasoline Stocks (Bbl)
    240.942M
    Med Distillate Stocks (Bbl)
    139.201M
    Med Total Prod Supplied (Bbl/day)
    20.809M
    Med Total Prod Supplied, Net Chg (Bbl/day)
    +0.17M
    Med Refinery Usage
    94.6%
    93%
  • Calendar event / Wednesday at 21:30 GMT

    US API Weekly Statistical Bulletin

    forecast
    actual
    Med Crude Stocks, Net Chg (Bbls)
    -5.1M
    Med Gasoline Stocks, Net Chg (Bbls)
    +1.8M
    Med Distillate Stocks, Net Chg (Bbls)
    +0.6M
  • Squawk / Wednesday at 8:32 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold has paused ahead of a band of resistance between $1350 and $1357/oz. A renewed rise in dollar and bond yields the trigger with silver leading the weakness following a mini crash of 3% yesterday. Gold support at $1331 and $1326.5.
    Focus: US Congressional talks to avoid a government shutdown on Friday.

    Brent crude struggling to hold onto $70/b as the EIA forecast a February increase in US shale oil production of 111,000 b/d.
    Focus: OPEC’s monthly oil market report, China data and EIA's stock and production report all due Thursday. Surveys pointing to a ninth weekly stock draw. First key level of support on Brent at $66.8/b (chart)

    HG Copper has steadied after technical selling took it back to support at $3.18/lb. A stronger dollar, lower oil prices and long-liquidation combined with a big drop in Aluminum seen as drivers. Support at $3,18 and $3,14/lb
    Focus: Thursday's deluge of Chinese data including GDP, retail sales, industrial production and fixed asset investments.
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