US EIA Weekly Crude Production 13.596M (Prev. 13.596M)
The weekly EIA report indicates that US crude oil production remains stable at 13.596 million barrels per day, unchanged from the previous week.
US net imports of crude oil fell in latest week to lowest on record, EIA says
Lebanese official source says "There are positive indications regarding our request for a ceasefire [with Israel]"; according to the same source, no response has been received yet, Kann News reports
US EIA Weekly Crude Production 13.596M (Prev. 13.596M)
US and Iranian negotiators made progress in talks on Tuesday, moving closer to a framework agreement to end the war, Axios reports citing officials
Senior Lebanon officials says they have been briefed on efforts toward a Lebanon ceasefire and duration will likely be linked to the US-Iran ceasefire agreement
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This suggests that supply dynamics are not shifting significantly for now, which could mean a continuation of current pricing trends unless other factors come into play. Traders should monitor geopolitical developments and global demand signals for potential impacts on price volatility.
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