Author: David Cohen

Another rough day in the markets Folks. U.S. crude futures settled down $1.13, or 1.7 percent, to $65.46/bbl.

We continue to see $65 support in WTI, but less forceful rebounds that see sellers pour in earlier

There will be no commentary for August 16th, 2021

Oil prices traded down today but were on track for slight weekly gains, shrugging off a warning from the IEA about waning oil demand.

There will be no commentary for August 12th.

Oil prices traded up today, after initially tanking earlier in the session as the White House announced they were calling on OPEC and its partners to boost production.

Oil prices came back today, rebounding from recent losses on signs of rising fuel demand. U.S. job growth and increasing mobility have boosted gasoline consumption so far in 2021

a stronger dollar theme is (also) starting to emerge given the recovery story in the United States and that might be a short-term drag for crude prices

“Yesterday it was really all about concerns about the Delta variant, and then today there were worries that maybe we overdid it,

Oil prices continued to trade down today on a surprise build in crude inventories and Covid-19 concerns. US crude oil inventories rose by 3.6MM/bbls, vs a forecasted draw of -3MM/bbls.