- Oil eases as Kurdistan exports set to resume
- The WTI prompt-month contract fell $0.41 to $64.58/Bbl Thursday morning (7:45 AM CT)
- Iraq said exports from its Kurdistan region could restart this week after a landmark deal with producers, Foreign Minister Fuad Hussein told Bloomberg
- Initial flows of about 230 MBbl/d are expected, with volumes potentially rising to 400–500 MBbl/d as new fields ramp up and investments advance
- Geopolitical risks persist, as President Trump urged NATO nations to shoot down Russian aircraft violating their airspace and called for Europe to halt purchases of Russian energy
- Two major oil ports on Russia’s Black Sea coast resumed tanker loadings overnight following Ukrainian aerial and marine drone attacks, Bloomberg reported
- US crude inventories declined for a second week, EIA data showed, bringing stockpiles to their lowest since January
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