US EIA Weekly Crude Production Change, bbl 137k (Prev. -13k)
The latest EIA weekly report indicates a significant increase in U.S.
The US has reached framework agreements with companies to expand military strike capabilities
FTC reportedly files a suit over alleged Shutterstock (SSTK) misleading subscription plans
US EIA Weekly Crude Production Change, bbl 137k (Prev. -13k)
JBS (JBS) Executive says with Brazil reaching its quota for beef exports to China, cattle prices may decrease and favour sales in the domestic market
EIA Expectations: Crude -2.1M, Gasoline -2.85M, Distillate -2.83M
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crude production, rising by 137k barrels compared to a previous decline of 13k. This reversal could reflect improving operational efficiencies or recovery from earlier disruptions, potentially putting downward pressure on oil prices amid already high supply levels. Traders should consider how this change could affect WTI and Brent pricing dynamics, especially in the context of ongoing geopolitical tensions.
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