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July 29 - The Philadelphia Semiconductor Index fell by 4% intraday, with Arm (ARM.O) down more than 6%, AMD (AMD.O) and Micron Technology (MU.O) down more than 5%, and Marvell Technology (MRVL.O) down more than 4%.
The EIAs implied demand for U.S. distillate fuel oil production for the week ending July 24 was 5.3103 million barrels per day, compared to 5.3227 million barrels per day in the previous week.
U.S. EIA Strategic Petroleum Reserves for the week ending July 24 were at their lowest level since the week ending March 4, 1983. U.S. Commercial crude oil inventories, excluding strategic reserves, for the week ending July 24 were at their lowest level since the week ending September 28, 2018. U.S. domestic crude oil production for the week ending July 24 was at its lowest level since the week ending May 29, 2026.
The EIAs data for total U.S. gasoline production and implied demand for the week ending July 24 was 9.9311 million barrels per day, compared to 9.7539 million barrels per day in the previous week.
The EIA crude oil production implied demand data for the week ending July 24 in the United States was 20.503 million barrels per day, compared with 19.317 million barrels per day in the previous week.