US EIA Weekly Crude Production 13.657M (Prev. 13.668M)
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Head of the Iranian Government Information Council says the 15-point plan claimed by Trump is a list of impossible wishes, IRNA reports
Volkswagen's (VOW3 GY) COO is to resign
US EIA Weekly Crude Production 13.657M (Prev. 13.668M)
Senior Iranian Official says Iran's initial response to the US proposal is "not positive" but Iran is still reviewing the proposal, Reuters reports
EIA Expectations: Crude -0.6M, Distillate -1.0M, Gasoline -2.0M
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Context
The latest EIA report indicates a slight decline in US crude production, from 13.668 million barrels to 13.657 million. While this decrease is minor, it may suggest tightening supply, particularly in the context of global demand dynamics. Traders should watch for potential upward pressure on WTI and Brent prices as this trend could affect market sentiment and the broader commodities landscape.
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