WTI crude was down 49 cents per barrel trading down to $71.29. WTI crude oil futures (and other commodities) did not settle today due to the Juneteenth holiday. Brent for August settlement traded down $US52 cents a barrel to settle at US$76.09 per barrel. Oil fell as China’s plans to support its economy were seen as insufficient to reignite demand. China cut interest rates last week and hinted that further economic support would be delivered. The world’s two largest economies also said their relations took a positive step forward after U.S. Secretary of State Antony Blinken’s trip to Beijing. While last week’s developments lifted Brent and WTI those gains faded on today. Gasoline and diesel prices are rising – we are headed into a number of plant turn around’s. We hope that everyone had a great day – stay safe and stay tuned to PFL.