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EIA: Commercial crude oil inventories increased by 7 million barrels from previous week

Below are some key highlights from the weekly oil market report published by the U.S. Energy Information Administration.

  • U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 5.
  • Gasoline production increased last week, averaging 10.2 million barrels per day.
  • Distillate fuel production increased last week, averaging 5.0 million barrels per day.
  • U.S. commercial crude oil inventories increased by 7.0 million barrels from the previous week. 
  • Total products supplied over the last four-week period averaged 20.5 million barrels per day, down by 0.8% from the same period last year. 

US CPI: The trend in inflation remains tame - Wells Fargo

Inflation headlines came in above expectations for March while the Core Index rose below consensus. Analysts at Well Fargo, explained that CPI picked
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Gold continues to climb higher toward $1310 despite USD strength

After making a decisive break above the critical $1300 mark yesterday, the XAU/USD pair continued to push higher and touched its highest level in near
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