The ISM Non-Manufacturing Index came in at 57.1% for December, beating expectations by 110 bps. Meanwhile, looking to the EIA Petroleum Balance Sheet, crude oil stocks dropped 4.2 million barrels (about 0.4%), with all of it draining from commercial supplies - the Strategic Petroleum Reserve was untouched at 726.5 million barrels. The gasoline supply increased by 3.3 million barrels (1.5%), though.
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