US EIA Weekly Crude Production 13.696M (Prev. 13.732M)
The latest EIA report shows U.S.
US State Secretary Rubio says that relations with Greenland are in a good place; processes are in place to ensure a good outcome
BoC Deputy Rogers says that this is a big year for mortgage renewals and they expect rollovers to see pay increases
US EIA Weekly Crude Production 13.696M (Prev. 13.732M)
US Secretary of State Rubio says that Venezuela under Maduro posed a strategic risk to the US and it will take time for the transition out of Maduro to take place
US Treasury Secretary Bessent there will be some "exciting announcements" coming today
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crude production slightly decreased to 13.696M bpd from 13.732M bpd. This marginal decline may indicate potential supply tightening, which could support higher prices for WTI and Brent crude, especially if demand remains stable. Given the geopolitical factors at play in the energy markets, this data point is crucial for understanding the price direction ahead.
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