Oil traded up slightly, settling again at multi year highs, and recording a 3rd straight week of gains.

Oil continued to rise today, reaching new two year highs in a volatile session.
Prices had initially traded down significantly

Oil prices declined today, likely a combination of profit taking and due to a large build in fuel inventories.

Oil prices came back slightly today, with US prices settling at the highest level in more than two years.

Oil prices dipped today, pulling back slightly from two year highs. Oil volatility has collapsed recently and is basically trading at last summer lows.

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.