U.S. gasoline inventories came in significantly higher than expectations. Actual readings hit 5,845K, a massive jump from the prior week's 2,862K baseline. The street was only bracing for a 1,950K build. This larger-than-anticipated inventory surge could signal softer energy demand or point to supply dynamics shifting. Traders watching macro indicators will want to track how energy price movements ripple across risk assets.
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CryptoNomics
· 4h ago
lmao the inventory miss is literally a textbook example of forecast error distribution. if you actually ran a basic regression on EIA data variance, you'd see this isn't even statistically significant relative to historical std dev. but sure, let the TA-only crowd panic-trade energy futures based on headlines.
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ForkThisDAO
· 4h ago
Whoa, the inventory has increased so much? How long will it take to clear this...
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GasOptimizer
· 5h ago
Gasoline inventories surge, is the market about to fluctuate again? This data feels like it's going to create ripples.
U.S. gasoline inventories came in significantly higher than expectations. Actual readings hit 5,845K, a massive jump from the prior week's 2,862K baseline. The street was only bracing for a 1,950K build. This larger-than-anticipated inventory surge could signal softer energy demand or point to supply dynamics shifting. Traders watching macro indicators will want to track how energy price movements ripple across risk assets.