US EIA Weekly Crude Production 13.71M (Prev. 13.573M)
Newsquawk Staff ·
US EIA Weekly Crude Production 13.71M (Prev. 13.573M)
What it means
The latest EIA data reveals a rise in US crude production to 13.71 million barrels per day from the previous 13.573 million. This increase may signal a strengthening supply backdrop, potentially impacting oil prices as it could exacerbate any existing concerns about tepid global demand. Traders should watch for reactions in WTI and Brent as this could shift sentiment in the near term.
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