US EIA Weekly Crude Production Change, bbl -21k (Prev. -58k)
The latest EIA report shows a modest decrease in US crude production, with a change of -21k bbl versus a previous decline of -58k bbl.
Bank of America (BAC) and Citigroup (C) weigh new credit cards with 10% rate, Bloomberg reports
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US EIA Weekly Crude Production Change, bbl -21k (Prev. -58k)
Copper production at a Capstone Copper Corp. mine in northern Chile has halted amid a nearly three-week labour strike, Bloomberg reports
Atlanta Fed GDPnow (Q4): 5.4% (prev. 5.4%)
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This smaller drop could signal a stabilization in supply dynamics, potentially easing upward pressure on prices that might arise from more significant production cuts. Market participants will likely monitor this closely for implications on inventory levels and pricing in the WTI and Brent markets.
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