Results

The Fuels Markets ended the day higher on Wednesday as optimism continues on the demand side. Helping fuel bullish positivity, Italians can now eat and drink inside their favorite restaurants. The UK celebrated not having a single Covid-related death for the first time since July 2020. India’s new Covid cases continue to fall with 133K new cases on Wednesday compared to a peak of 414K in early May. Thursday will see the 10:30 EDT release of the EIA inventory numbers. An S&P Global Platts survey expects the EIA to show a decline of 3.3 MM barrels in Crude, a decline of 1.1 MM barrels for Gasoline, and 1.6 MM barrels for Distillates.