From Investing.com: 2024-02-23 04:57:00

US crude oil inventories continued to climb, rising by 3.5MMbbls last week, pushing total stocks closer to the five-year average. Gasoline and distillate inventories fell, while refineries operated at 80.6% capacity. Global refined product inventories in the ARA region and Singapore saw mixed movements, as natural gas withdrawals remain below average due to warmer weather. Meanwhile, LME aluminum canceled warrants surged, Zambia plans to increase copper mine output, and gold prices trade above $2,000/oz. The EPA approved the sale of E15 gasoline blend in eight Midwest states, potentially boosting ethanol demand in the long term.



Read more at Investing.com:: US Crude Inventory Build Continues; Gold Trading in a Narrow Range Above $2,000