US Crude Inventories Unexpectedly Fall: EIA US
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US crude oil inventories fell by 2.508 million barrels to 413.4 million barrels in the week ended March 18th, after a 4.345 million rise in the previous period and compared with market expectations of a 0.114-million-barrel increase, data from the EIA Petroleum Status Report showed. Also, gasoline inventories declined by 2.947 million barrels to 238 million barrels, the seventh consecutive week of falls and more than market forecasts of a 1.986 million drop; and distillate stockpiles which include diesel and heating oil went down by 2.071 million barrels to 112.1 million barrels, the lowest since April 2014 and above the consensus of a 1.386-million-barrel fall. Meanwhile, crude stocks at the Cushing, Oklahoma, delivery hub increased by 1.235 million.
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If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/