This ONLY happens When Sh*t is Hitting The Fan

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