Results

The Fuels Market was a mixed bag on Tuesday as the delta variant’s impact on demand continues to be a concern. In a press briefing, the CDC reversed previous face mask recommendations for fully vaccinated individuals and school children. Infection rates, hospitalization rates and death rates in the US are all rising which could diminish fuel demand. On the supply side, the API is said to report Crude supplies falling 4.7MM barrels, Gasoline dropping 6.2MM barrels and Distillates sinking 1.9MM barrels. The EIA data will have more details such as import and production statistics providing additional market insights. However, similar figures from the EIA will certainly help the Bulls.