Oil Near Multi-Year High as Countries Loosen Restrictions

Oil prices are continuing their vaccine bounce this morning, pushing above $65 while fuel prices are setting fresh multi-year highs as well. The European Union is working on loosening restrictions for vaccinated travelers in time for the summer tourism season. Simultaneously, US areas like New York are also unwinding tight restrictions. Although cases are rising […]

Hope for Third Round of Stimulus is Growing

Crude closed up only a penny yesterday but is hitting 11-month highs this morning. The continuation of last weeks’ rally based upon voluntary production cuts from Saudi Arabia and a weaker dollar is helping to lift markets. In addition, the easing of coronavirus restrictions and the ensuing uptick in travel and economic activity along with […]

Week in Review – January 8, 2021

It’s certainly been a crazy week, filled with headlines with direct implications for oil fundamentals. This week brought a major oil production announcement, a political shift in the US Senate, and violent protests at the US Capitol. Let’s break down some of the top headlines this week and the impact on oil 1. Saudis Announce […]

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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