US EIA Cushing Crude Oil Stocks Change (Apr/03) 0.024M (Prev. 0.52M)
The latest EIA data shows a notable decline in Cushing crude oil stocks, dropping to 0.024M from the previous 0.52M.
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 Cushing Crude Oil Stocks Change (Apr/03) 0.024M (Prev. 0.52M)
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 significant reduction suggests tightening supply conditions, which could support WTI and Brent prices. Traders should consider the implications for near-term price action and overall market sentiment, especially amid ongoing geopolitical tensions affecting energy markets.
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