Yesterday, WTI crude started the day up about a dollar after the news of the historic cuts by OPEC+. Skepticism of the deal began to sway the market and the weight of crude demand destruction finally overshadowed the supply cuts as the market closed the day slightly lower. Prices continue lower this morning even as […]
Yesterday, crude followed equities higher to start the day, but then ended lower as did equities on general pessimistic coronavirus sentiment. Crude is trading higher this morning on the hopes that OPEC+ will come to some supply cut agreement as they meet tomorrow. Expectations are for the largest supply cut ever agreed to by the […]
Yesterday, crude oil began lower but rallied somewhat in the afternoon on news of improved sentiment in broader financial markets after the reported death tolls in some of the virus hotspots in Europe showed signs of easing. Crude is moving higher in early trading this morning on signs the world’s biggest producers are moving toward […]
