US EIA Weekly Crude Production Change -0.26% (Prev. -0.15%)
The latest EIA report indicates a notable decrease in US crude production, showing a change of -0.26%, up from the previous decline of -0.15%.
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 Change -0.26% (Prev. -0.15%)
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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This downward trend may influence oil prices, as supply appears to tighten amid ongoing geopolitical concerns, potentially leading to upward pressure on WTI and Brent crude. Traders should keep an eye on how this impacts overall market sentiment toward energy commodities.
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