Week In Review – August 7, 2021

Being the world’s second largest oil consumer, China is drawing attention as its factory activity continues to draw the wrong attention. Fears that the economic recovery in Asia is taking steps backward mean that this will undoubtedly affect supply and demand moving forward. Factory activity in China fell heavily in July to numbers not seen […]

Oil Prices Plummet Despite Iran Attacking Oil Tanker

WTI crude saw a huge drop yesterday, shedding $2.70 (-3.6%). Today, oil prices continue their selloff, with market participants anxious over climbing COVID cases and the potential of Iranian oil returning to the market. COVID cases are on the rise around the world, with global new cases hitting 623,000 last week. The Delta variant is […]

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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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