Quiet Trading as Markets Wait for Direction

Oil failed to sustain gains above $40/bbl on Friday, closing at just $39.75. Today is the third time in three weeks that WTI crude prices have found their way above the $40 mark, only to slip heading into the close. Despite a continual improvement in demand sentiments, markets are not yet convinced that a close […]

Oil Up 15% as US Demand Shows Upward Trend

Oil markets are on track to set a multi-month record with a 5-day up streak if current trends hold. With the OPEC+ price war in the rearview mirror, markets are more comfortable bidding up prices despite weak demand. Inventory builds this week are expected to be smaller than recent builds, and demand seems to be […]

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