Already Gone! U.S. Manufacturing Index Falls to Lowest Since 2020 As Fed Signals Removal Of Monetary Stimulus (As 10Y Treasury Yield Tries To Breech 3% Barrier)

by confoundedinterest17 What happens when the massive Fed stimulus is gone? Its Already Gone … or going. A measure of U.S. manufacturing activity unexpectedly dropped in April to the lowest level since 2020 as growth in orders, production and employment softened. The …

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[Reuters] European diesel inventories at lowest since 2008. Still importing 770,000 bpd from Russia. Real potential for higher prices.

by mark000 https://www.reuters.com/business/energy/europes-russian-diesel-imports-drop-still-dominant-2022-04-27/ Cutting off Russian oil will be difficult and costly as Europe will have to compete for fuel further afield and pay higher freight costs, a trader said. “Technically, if Europe pays a $100 premium, they can get …

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