US EIA Weekly Crude Production 13.74M (Prev. 13.71M)
Newsquawk Staff ·
US EIA Weekly Crude Production 13.74M (Prev. 13.71M)
What it means
The latest EIA report shows an increase in US crude oil production, rising from 13.71 million barrels to 13.74 million. This upward trend may add pressure on global oil prices, particularly as supply dynamics are already sensitive to geopolitical developments. Traders should consider how this could impact WTI and Brent prices along with any related currency movements tied to oil.
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