US EIA Weekly Crude Production 13.702M (Prev. 13.74M)
Newsquawk Staff ·
US EIA Weekly Crude Production 13.702M (Prev. 13.74M)
What it means
This week's EIA data shows a slight decrease in US crude production, down from 13.74M to 13.702M barrels per day. While this decline is marginal, it could indicate potential tightening in supply, especially if it aligns with rising demand or geopolitical tensions. Traders should watch for potential upward pressure on oil prices, particularly in relation to WTI and Brent benchmarks.
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