BLOOMBERG Bloomberg Markets European Close July 14, 2024
Massive drawdown, though. With more than the market was looking for. Crude rising. It had been higher on anticipation of a drawdown, but spiking just a little bit more right now. Refinery utilization just a little less than expected, down 0. 4 . Distillate inventories was a drawdown of 2. 5 million barrels. The market was looking for a build. Once again, in line with analyst expectations more than they have been, but still, more of a drawdown then we were looking for, and that is causing prices to rise. Elsewhere in the u. S. , stocks rising, with the dow up 1. 7 , the s p 500 up 1. 4 right no...