US EIA Refinery Crude Runs Change (May/01) -0.042M

The US EIA report indicates a minor decline in refinery crude runs, which could point to lower demand or reduced output capacity.

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"Members of the Security Council see the US-Gulf draft resolution as similar to the one opposed by Russia and China", Al Jazeera reports citing diplomatic sources

Some members of the Gulf Cooperation Council do not view the draft on Hormuz as being particularly different from the document vetoed last week

US EIA Refinery Crude Runs Change (May/01) -0.042M

No agreement has been formed between the US and Iran, Nournews reports citing sources. Narratives are part of a "media creation".

Iran's Foreign Ministry Spokesman says "The concept of “negotiations” requires, at the very least, a genuine attempt to engage in discussions with a view to resolving the dispute"

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This data is relevant for both WTI and Brent prices, as expectations of refining activity can influence crude oil stock levels and market sentiment. Traders should monitor if this trend persists, as it may impact future price dynamics.

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