US EIA Weekly Crude Production Change, bbl -61k (Prev. 0k)
The latest EIA report indicating a weekly crude production change of -61k barrels signifies a slight decline in output compared to the previous week, which was flat.
Oil tankers passing through the Strait of Hormuz have been stopped by the IRGC after Israel's ceasefire breach, Fars News Agency reports
[MARKET UPDATE] Crude continues to lift off lows on further reporting that Iran would consider withdrawing from the ceasefire if attacks against Lebanon do not stop
US EIA Weekly Crude Production Change, bbl -61k (Prev. 0k)
US Consulate in Brazil says bilateral ties are in a "much better place" vs recent months, Valor reports
EU official says Oil Coordination Group sees no serious risk at the moment to oil situation
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This could signal tighter supply dynamics, potentially supporting prices for WTI and Brent in the near term. Traders should watch for any market reactions as this could affect inflation expectations and currency flows related to energy markets.
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