US EIA Cushing Crude Oil Stocks Change (Jan/23) -0.278 (Prev. 1.478)
The decline in Cushing crude oil stocks by 0.278 million barrels from the previous rise of 1.478 million barrels signals a tightening supply situation, which could support higher oil prices in the near term.
US State Secretary Rubio says that relations with Greenland are in a good place; processes are in place to ensure a good outcome
BoC Deputy Rogers says that this is a big year for mortgage renewals and they expect rollovers to see pay increases
US EIA Cushing Crude Oil Stocks Change (Jan/23) -0.278 (Prev. 1.478)
US Secretary of State Rubio says that Venezuela under Maduro posed a strategic risk to the US and it will take time for the transition out of Maduro to take place
US Treasury Secretary Bessent there will be some "exciting announcements" coming today
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A draw in inventory is generally bullish for WTI and Brent crude, indicating potential upward pressure on the market, particularly amid ongoing geopolitical tensions affecting energy supply.
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