US EIA Weekly Crude Production Change, bbl 1k (Prev. -11k)
The U.S.
Iranian Steel Top Official says the transfer of Mubarake steel to the south of the country is unprofessional, IRNA reports
BoC Governor Macklem says if energy prices stay higher for longer, there could well be a need to raise the policy rate - Post-meeting press conference
US EIA Weekly Crude Production Change, bbl 1k (Prev. -11k)
Top Iranian official tells Press TV Iran succeeds in rendering all options on US table ineffective, Press TV reports
French PM says TotalEnergies (TTE FP) has to redistribute exceptional profits
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EIA's latest report shows a modest increase in weekly crude production, moving to a rise of 1k bbl from a prior decline of 11k bbl. This shift may suggest a stabilization in U.S. output, potentially easing supply concerns which could impact prices. Traders should pay attention to how this development interacts with geopolitical factors and broader demand trends, especially in the WTI and Brent markets.
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