EIA crude inventories drew 0.4M for the week ending September 4, versus a 1.4M draw forecast and a 4.5M prior draw — a smaller-than-expected decline.
US crude inventories posted a smaller-than-expected draw for the week ending September 4.
EIA Crude Inventories (week ending September 4): Actual −0.4M versus forecast −1.4M; prior −4.5M.
Follows WTI toward $97, WTI EU ~$93.20, and WTI NY ~$93.85.
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WTI jumps toward $97.00 (+2.93%) as US–Iran escalation lifts the supply-risk premium. Reuters: Iran hit 10 ships near Hormuz after the US sank five Iranian tankers; Houthi hits on Saudi energy facilities.
Lagarde says inflation stays well above target into 1H27 and returns around target toward end-2027, with longer-term expectations near 2%. Data-dependent stance; further tightening may follow. Soft ECB print + EUR post-print — PC≠hike reprint.
ECB hikes 25 bps as expected: Main Refi to 2.65%, marginal lending 2.9%, deposit facility 2.5%. Staff projections accompany the print; Lagarde press conference is a separate follow.