EIA Short-Term Energy Outlook: U.S. crude oil production is expected to be 13.61 million barrels per day in 2025, compared to previous expectations of 13.59 million barrels per day. U.S. crude oil production is expected to be 13.76 million barrels per day in 2026, compared to previous expectations of 13.73 million barrels per day.
Iran set the price of Iranian light crude oil sold to Asia in March at $4.35 per barrel above the average price in Oman/Dubai.
The technical aspects of the daily external futures varieties are summarized, among which four varieties, including Brent crude oil, have the opportunity to go long.
US API crude oil inventories 3.339 million barrels in the week to February 14, expected to 2.20 million barrels, and the previous value 9.043 million barrels.
The technical aspects of the daily external futures varieties are summarized, among which WTI crude oil and other two varieties have short opportunities.
February 13 news, as of the close of the 12th day, the New York Mercantile Exchange in March delivery of light crude oil futures fell $1.95, closing at $71.37 per barrel, a decline of 2.66%; April delivery of London Brent crude oil futures fell $1.82, closing at $75.18 per barrel, a decline of 2.36%.
US API crude oil inventories 9.043 million barrels in the week to February 7, expected to 2.60 million barrels, and the previous value 5.025 million barrels.
EIA Short-Term Energy Outlook Report: Global crude oil demand growth in 2025 is expected to be 1.30 million barrels per day, previously expected to be 1.30 million barrels per day. Global crude oil demand growth in 2026 is expected to be 1.10 million barrels per day, previously expected to be 1.10 million barrels per day.
Funds are not interested in chasing more, and gold bears continue to increase their positions; crude oil bears are fully entering the market for bets, and the exit of bulls also brings pressure to the market rebound.