Mid-Week Review – April 29, 2020

Oil prices tank another 21% as storage fears persist US oil prices tanked on Tuesday as fears that global storage is running out mounted, prompting concerns that the June contract could significantly plunge in the same way the May contract did last week.  Click here to read more from Markets Insider. Could US oil prices […]

Trump Threatens Oil Tariffs

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 […]

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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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