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Wood MacKenzie reveals critical challenges to US energy dominance: America leads global oil and gas production but faces complex market transformation pressures. Strategic innovation key to maintaining leadership. #EnergyMarkets #GlobalTrends

David Rewcastle specializes in financial analysis across energy, biotech, and utilities, helping investors make informed choices. Explore his research: davidrewcastle.com #EnergyMarkets #EquityResearch

U.S. crude oil inventories fell by 0.515M barrels, below the expected 1.5M increase and down from 5.474M barrels.

Cushing inventories rose by 0.681M barrels, reversing the prior decrease of -0.346M.

#CrudeOil #OilInventory #Cushing #EnergyMarkets #EIA

Oil prices edge lower as markets digest extended US interest rates, yet #Brent and #WTI set for best week in over 2 months on strong demand outlook, OPEC+ pledges. Geopolitical tensions in Middle East add uncertainty. #Oil #Prices #OPEC #EnergyMarkets

#US #API Weekly Crude Oil #Stock fell by 2.428M barrels, exceeding the consensus of -1.750M and reversing last week's 4.052M rise. #Oil #CrudeOil #EnergyMarkets

We tracked the American Petroleum Institute's (API) Weekly Crude Oil Inventories data in the evening. The actual inventory stood at 0.674M barrels, significantly lower than the forecasted 2.133M barrels and a stark contrast to the previous data of -2.500M barrels. #API #CrudeOil #InventoryData #EnergyMarkets #OilPrices #MarketAnalysis