US EIA Weekly Crude Production Change (bbl) -0.481M (Prev. -0.395M)
The latest EIA report indicates a weekly crude production decline of 0.481 million barrels, which is a deeper drop than the previous week's reduction of 0.395 million.
Trump on China: "Just completed an excellent telephone conversation with President Xi, of China. It was a long and thorough call, where many important subjects were discussed, including Trade, Military, the April trip that I will be making to China"
UBS (UBSG SW) exec says they expect Q1 expectations to remain on track and personal and corporate banking to remain broadly stable in USD terms
US EIA Weekly Crude Production Change (bbl) -0.481M (Prev. -0.395M)
AbbVie (ABBV) exec says that they have plenty of firepower to pursue both early and late stage M&A opportunities
US Treasury Secretary Bessent says they must avoid temptation of a zero-risk financial system
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This slight slowdown in production could signal tightening supply, potentially supportive of crude oil prices, especially amid existing geopolitical uncertainties.
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