This ONLY happens When Sh*t is Hitting The Fan

What this episode covers

A rare warning strikes the gasoline market in another confirmation of economic weakness, one primary factor which forced OPEC this past weekend to extend its production restrictions. On top of those, big changes to US income estimates further corroborating the deterioration, as did a surprise drop in one of the more critical sentiment signals.Eurodollar University's Money & Macro AnalysisReuters Weak US gasoline demand compounds pressure on oil ahead of OPEC+ meethttps://www.reuters.com/business/energy/weak-us-gasoline-demand-compounds-pressure-oil-ahead-opec-meet-2024-05-31/Nikkei OPEC+ extends deep oil production cuts into 2025https://asia.nikkei.com/Business/Energy/OPEC-extends-deep-oil-production-cuts-into-2025ISM Manufacturing May 2024https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/may/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

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How long is this episode of Eurodollar University?

This episode is 19 minutes long.

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This episode was published on June 4, 2024.

What is this episode about?

A rare warning strikes the gasoline market in another confirmation of economic weakness, one primary factor which forced OPEC this past weekend to extend its production restrictions. On top of those, big changes to US income estimates further...

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