US EIA Weekly Crude Production 13.586M (Prev. 13.585M)
The slight increase in U.S.
Iranian Steel Top Official says the transfer of Mubarake steel to the south of the country is unprofessional, IRNA reports
BoC Governor Macklem says if energy prices stay higher for longer, there could well be a need to raise the policy rate - Post-meeting press conference
US EIA Weekly Crude Production 13.586M (Prev. 13.585M)
Top Iranian official tells Press TV Iran succeeds in rendering all options on US table ineffective, Press TV reports
French PM says TotalEnergies (TTE FP) has to redistribute exceptional profits
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crude oil production to 13.586 million barrels per day, from a previous 13.585 million, is relatively minor and may not significantly alter market sentiment. However, it reflects ongoing stability in production levels amid fluctuating demand dynamics, which can influence prices for WTI and Brent crude. Traders should watch for broader implications on inventory levels and geopolitical factors that could affect supply and pricing in the energy market.
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