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FT.com - Financial MarketsMay 11, 2021
Wall Street stocks join global sell-off as inflation debate intensifies
Key measure of market expectations for price growth hits highest level since 2006

MarketWatch MarketPulseMay 11, 2021
API data reportedly show a weekly fall in U.S. crude supply and climb in gasoline stocks
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 2.5 million barrels for the week ended May 7, according to sources. The data, however, also reportedly showed gasoline stockpiles up by 5.6 million barrels, while distillate inventories declined by 872,000 barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged down by 1.2 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 4.1 million barrels, according to a survey of analysts conducted by S&P Global Platts. It also forecast a supply climb 700,000 barrels for gasoline, but 2 million-barrel decline for distillates. June West Texas Intermediate crude was at $65.32 barrel in electronic trading, compared with Tuesday's settlement at $65.28 on the New York Mercantile Exchange.

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