US EIA Cushing Crude Oil Stocks Change (Apr/10) -1.727M (Prev. 0.024M)
The significant draw in Cushing crude oil stocks of -1.727 million barrels indicates tightening supply in the U.S.
US net imports of crude oil fell in latest week to lowest on record, EIA says
Lebanese official source says "There are positive indications regarding our request for a ceasefire [with Israel]"; according to the same source, no response has been received yet, Kann News reports
US EIA Cushing Crude Oil Stocks Change (Apr/10) -1.727M (Prev. 0.024M)
US and Iranian negotiators made progress in talks on Tuesday, moving closer to a framework agreement to end the war, Axios reports citing officials
Senior Lebanon officials says they have been briefed on efforts toward a Lebanon ceasefire and duration will likely be linked to the US-Iran ceasefire agreement
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oil market, contrasting sharply with the slight build in the previous week. This reduction could support higher WTI prices, as lower inventories at this key storage hub suggest an uptick in demand or supply disruptions, particularly given current geopolitical tensions affecting energy markets.
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