US EIA Weekly Crude Production Change, bbl -11K (Prev. 0K)
This week’s EIA data shows a modest decline in US crude production by 11K barrels, down from the previous week’s stable output.
Iran reportedly has no plans to negotiate with the US on Friday, according to Tasnim
US Attorney Pirro says Fed investigation continues, appealing the decision of Judge Boasberg
US EIA Weekly Crude Production Change, bbl -11K (Prev. 0K)
[Reuters withdraws report, says sources were wrong] Trump reportedly willing to give Iran another 3-5 days for ceasefire, Reuters reports citing sources
US Treasury Secretary Bessent says he think Iran conflict will end, and gas prices will drop; gas prices may even get lower than pre-war
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While the change is relatively small, it could indicate a tightening supply environment, particularly if it aligns with ongoing geopolitical tensions or OPEC+ production cuts. Traders should monitor how this might influence WTI and Brent prices in light of current market dynamics.
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