US EIA Weekly Crude Production 13.215M (Prev. 13.696M)
Newsquawk Staff ·
US EIA Weekly Crude Production 13.215M (Prev. 13.696M)
What it means
The latest EIA report shows a decline in U.S. crude production to 13.215 million barrels per day from the previous 13.696 million. This drop could signal tightening supply dynamics, which may support higher oil prices if demand remains steady. Traders should watch for potential impacts on WTI and Brent futures as this might influence overall market sentiment and inflation expectations.
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