Draw Confirmed

The API draw is largely validated by official EIA data, reinforcing the view that Hurricane Isaias disruptions and softer U.S. output tightened near-term supply. Traders price in a firmer physical market, especially with the U.S. SPR release program near its final tranche.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.