Author: David Cohen

Oil prices extended gains today, with Brent trading up to two year highs before trading down a little later in the session.

There will be no commentary for June 3rd 2021

Oil prices continued to rise today after picking up steam yesterday. “The oil market welcomed the OPEC+ decision to stick with its existing production plan, and in conjunction with positive global demand indications, prices are gaining further today,”

Oil prices had a strong session today, rallying to pre pandemic highs despite OPEC+ easing production cuts.

Oil prices inched higher today, posting strong gains for the week of over 5% for both contracts. “Gasoline demand has now exceeded 2019 levels in many areas,”

Oil prices were mostly flat again today, trading up as US unemployment numbers dropped more than expected last week to new pandemic lows.

Oil prices steadied today, as a drop in US commercial crude inventories reinforced expectations of improving demand. Both contracts had traded down earlier in the session but traded up after the EIA report was released

Oil was mostly flat for the day, edging up slightly. Parts of Europe and the United States are recording fewer COVID-19 infections and deaths, prompting governments to ease restrictions

Oil prices rose today, after falling for three straight sessions as the market braces for a return of Iranian crude. Both contracts are on track to fall 3% this week.

Oil prices fell for a third straight day on fears of increased Iranian supply, as the Islamic Republic is making progress on the re-entering the nuclear deal, according to their President.