US EIA Cushing Crude Oil Stocks Change (Apr/17) 0.806M
The latest EIA report indicates that Cushing crude oil stocks have increased by 0.806 million barrels.
Iran reportedly has no plans to negotiate with the US on Friday, according to Tasnim
US Attorney Pirro says Fed investigation continues, appealing the decision of Judge Boasberg
US EIA Cushing Crude Oil Stocks Change (Apr/17) 0.806M
[Reuters withdraws report, says sources were wrong] Trump reportedly willing to give Iran another 3-5 days for ceasefire, Reuters reports citing sources
US Treasury Secretary Bessent says he think Iran conflict will end, and gas prices will drop; gas prices may even get lower than pre-war
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This uptick could signal a potential oversupply in the market, which might weigh on oil prices, especially if it contradicts the trend of increasing demand. Traders should closely monitor broader supply dynamics and geopolitical factors impacting crude prices, particularly for WTI and Brent contracts.
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