US EIA Weekly Crude Production Change, bbl -36k (Prev. -21k)
This week's EIA data shows a decline in US crude production, with a decrease of 36k barrels compared to a previous drop of 21k.
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, bbl -36k (Prev. -21k)
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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The larger-than-expected reduction may signal tightening supply dynamics, which could support oil prices amid ongoing geopolitical uncertainties. Traders should monitor the implications for WTI and Brent as this shift might influence future price movements and inventory assessments.
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