There is a storm brewing in the Gulf that has all of the characteristics to potentially turn into a megastorm

“While volatility looks set to continue, we see further gains for oil as global economic normalization continues and OPEC remains disciplined on crude supplies

Oil prices continued to rise today, buoyed by yesterday’s FDA approval of the Pfizer vaccine and the hopes for more demand improvement

Well folks Oil prices rose more than five per cent on Monday on the back of a weaker U.S. dollar and strong global equities markets boosted crude futures after seven days of declines

Nations around the world, China for example, are imposing severe restrictions for minimal outbreaks. It’s hard for prices to find support

Oil prices dropped again today, falling for a 6th straight session to lowest prices since May.

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.