Mixed signals
US oil product exports hit a record 8.2 million barrels per day, which could support the US dollar (DXY) over the next week by improving the trade surplus. This also signals strong global demand, likely boosting the energy sector (XLE) and stock market (SPY) in the coming days. However, the picture is unclear for crude oil (WTI): increased refinery demand might push prices up short-term, but more product supply could weigh on them later. If you're watching oil, keep an eye on WTI price moves this week.
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