US EIA Crude Oil Stocks Change (Apr/03) 3.081M vs. Exp. 0.7M (Prev. 5.451M)
The EIA report showing a larger-than-expected increase in crude oil stocks implies a potential softening in demand or increased supply, which may weigh on prices.
Oil tankers passing through the Strait of Hormuz have been stopped by the IRGC after Israel's ceasefire breach, Fars News Agency reports
[MARKET UPDATE] Crude continues to lift off lows on further reporting that Iran would consider withdrawing from the ceasefire if attacks against Lebanon do not stop
US EIA Crude Oil Stocks Change (Apr/03) 3.081M vs. Exp. 0.7M (Prev. 5.451M)
US Consulate in Brazil says bilateral ties are in a "much better place" vs recent months, Valor reports
EU official says Oil Coordination Group sees no serious risk at the moment to oil situation
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This notable rise compared to both expectations and the previous figure suggests a bearish outlook for oil markets, impacting WTI and Brent pricing, as well as broader inflation dynamics.
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