UK plans to make oil supply from reserves available on Friday
The UK's decision to release oil from reserves signals a proactive approach to managing supply amidst potential shortages or price volatility.
US Interior Secretary Burgum says we will see US oil companies announce that they have increased production in response to price signals; What we are hearing out of the IEA today is reasonable, via CNBC Interview
Iran's President says the only way to end the war is recognizing Iran's legitimate rights, payment of reparations and firm international guarantees against future aggression
UK plans to make oil supply from reserves available on Friday
US Monthly Budget Statement (Feb) -308.0B vs. Exp. -67.1B (Prev. -95B, Low. -79B, High. -62.4B)
US State Dept. says Iran and Iran-alligned terrorist militias may be planning to target US-owned oil and energy infrastructure in Iraq; militias have also targeted hotels frequented by US citizens throughout Iraq, including in the Iraqi Kurdistan region
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This could put downward pressure on crude prices, especially if it aligns with other global supply measures, impacting traders' positions in WTI and broader commodity markets.
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