Real-time News

The API crude oil inventory change in the United States for the week ending June 5 was -9.119 million barrels, the largest drop since the week ending January 30, 2026.

U.S. crude oil imports for the week ending June 5 were down 358,000 barrels, compared to 543,000 barrels in the previous week.

U.S. API crude oil production for the week ending June 5 was 262,000 barrels per day, compared to 185,000 barrels per day in the previous week.

U.S. refined product imports for the week ending June 5 were -51,000 barrels per day, compared to 334,000 barrels per day in the previous week.

U.S. heating oil inventories fell by 407,000 barrels in the week ending June 5, compared with 498,000 barrels in the previous week.

U.S. crude oil inventories at Cushing, Oklahoma, fell by 1.125 million barrels in the week ending June 5, compared with a previous week's decrease of 279,000 barrels.

U.S. API distillate fuel inventories for the week ending June 5 were 1.316 million barrels, compared to an expected decrease of 215,000 barrels and a previous decrease of 214,000 barrels.

U.S. gasoline inventories fell by 1.191 million barrels in the week ending June 5, compared with an expected decrease of 614,000 barrels and a previous reading of 3.454 million barrels.

Supermicro Computer (SMCI.O) has filed an application for a hybrid shelf offering of undisclosed size.

June 10th - According to the Wall Street Journal, U.S. stocks experienced significant volatility today. Indices opened higher but then faced selling pressure in the afternoon, recovering some losses near the close. Most major indices closed lower. The Nasdaq fell about 1%, and the S&P 500 edged down 0.26%. Chip stocks were hit hard, with the Philadelphia Semiconductor Index closing down 1.9%. Many investors may be moving funds out of this year's top-performing stocks to free up cash for this week's highly anticipated SpaceX IPO.

Citigroup (CN) CFO: Investment banking revenue is expected to grow by about 15% in the second quarter.

Citigroup (CN) CFO: We expect trading revenue to grow by high single digits to low double digits in the second quarter.

On June 10th, the Federal Reserve issued a statement announcing that the results of its annual bank stress tests will be released at 4:00 AM Beijing time on June 25th. This year, 32 large banks underwent stress tests by the Federal Reserve Board of Governors. The test scenarios included a severe global recession, with increased stress in the commercial and residential housing markets as well as the corporate debt market. These stress test results will not affect the capital requirements for large banks. Previously, in February, the Board announced that it would maintain the current stress test capital buffer requirements until 2027, at which time new requirements could be calculated based on loss estimation models incorporating public feedback.

Citigroup's chief financial officer: The U.S. economy and consumers have shown resilience.

The Dow Jones Industrial Average rose 86.04 points, or 0.17%, to close at 50,872.05 on Tuesday, June 9; the S&P 500 fell 19.20 points, or 0.26%, to close at 7,386.53; and the Nasdaq Composite fell 250.84 points, or 0.97%, to close at 25,678.82.

On June 10, Iran's Deputy Foreign Minister told Al Jazeera that the U.S. Apache helicopter that crashed in the Strait of Hormuz yesterday was not a target of a deliberate attack by Iran, and denied that Iran was behind the incident. However, he also pointed out that given the current highly tense regional situation, such incidents could also be "intentionally orchestrated."

Federal Reserve: The results of the annual bank stress tests will be released at 4 p.m. ET on June 24.