A rebound in implied demand for both gasoline and distillates, as well as lower refinery runs, has encouraged decent inventory draws for both

U.S. gasoline futures rose to their highest since October 2014 today, up almost 10% over the past six days, pushing crack spreads to the highest since May

Oil prices were mixed today but stayed mostly flat as risk appetite seems to be rising since last week’s sell off.

Oil prices were mostly flat today actually closing up slightly for the week despite Mondays rout. Both benchmarks haven’t had a positive week in 2-3 weeks. “The demand concerns proved to be exaggerated, which is why oil prices have since recovered.

Oil prices had another strong session today, shrugging off yesterday’s crude inventory build, rising cases of the Delta variant, and increased OPEC+ production

Oil prices rallied today despite a surprise build in Crude inventories, the first in 8 weeks. Analysts were expecting a draw of upwards of 4MM/bbls, yet

Oil prices rebounded today in a strong session but pared gains afterhours when the API released its crude inventory numbers.

Oil prices tanked today as cases of the Covid 19 Delta variant are rising across the globe and the market sees rising supply following an OPEC+ deal to restore production