US EIA Weekly Crude Production Change 1.01% (Prev. -0.08%)
The latest US EIA report indicates a significant increase in weekly crude production, rising by 1.01% compared to the prior decline of 0.08%.
The US has reached framework agreements with companies to expand military strike capabilities
FTC reportedly files a suit over alleged Shutterstock (SSTK) misleading subscription plans
US EIA Weekly Crude Production Change 1.01% (Prev. -0.08%)
JBS (JBS) Executive says with Brazil reaching its quota for beef exports to China, cattle prices may decrease and favour sales in the domestic market
EIA Expectations: Crude -2.1M, Gasoline -2.85M, Distillate -2.83M
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This uptick suggests a shift towards increased supply, potentially impacting oil prices as market participants reassess demand forecasts alongside geopolitical tensions. Additionally, the change may influence dollar flows and broader commodity sentiment, particularly for WTI and Brent benchmarks.
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