ETFs

• Crude Inventory -1.36M Barrels
• Cushing +1.88M
• Gasoline +915K
• Distillate +560K

Summary of Weekly Petroleum Data for the week ending May 3, 2024

U.S. crude oil refinery inputs averaged 15.9 million barrels per day during the week ending May 3, 2024, which was 307 thousand barrels per day more than the previous week’s average. Refineries operated at 88.5% of their operable capacity last week. Gasoline production increased last week,... (continue reading...)

By Suzanne McGee

(Reuters) - New proposed federal rules governing marijuana has so far failed to spark fresh buying interest in exchange traded funds (ETFs) tracking the shares of North American cannabis companies, despite strong performance this year.

Marijuana ETFs and cannabis stocks shot higher last week after the U.S. Justice Department said it plans to reclassify marijuana as a less dangerous drug. Big gainers included the... (continue reading...)

CAIRO (Reuters) -Hamas said on Monday that it had accepted a Gaza ceasefire proposal from Egypt and Qatar.

The Islamist faction said in a statement that its chief, Ismail Haniyeh, had informed Qatar's prime minister and Egypt's intelligence chief of its acceptance of their proposal.

There were no immediate details over what the agreement entailed.

(Reporting by Nidal Al Maghrabi; writing by Hatem Maher; Editing by Alex Richardson)

(Reuters) -Shares of Grayscale Bitcoin Trust jumped 2.4% on Monday after the exchange-traded fund (ETF) that tracks the price of bitcoin saw its first day of inflow since January.

The move marks a major milestone for GBTC, which has seen $17.46 billion in withdrawals since it converted from a trust to an easily tradable ETF in January, due to the higher fees it charges compared with rivals.

Some of the outflows were also tied to the wave of... (continue reading...)

Natural Gas Inventory 59 bcf vs 60 bcf Expected