United States EIA Crude Oil Stocks Change came in at -12.456M, below expectations (0.775M) in May 19

May 24, 2023

US Treasury Sec. Yellen: There will be some obligations we will be unable to pay

"It is hard to be precise exactly which day we will run out of resources," US Treasury Secretary Janet Yellen said regarding the debt-ceiling deadline

Equity markets are pricing in more good news than bad, the recent rally looks vulnerable – UBS

Equities are focused on the good news, not the risks, economists at UBS report. A resolution to the US’s debt ceiling remains elusive “While a last-mi