Oil prices rose today in a choppy session as the market has become more cautious as of late. Prices have been range bound for the last month or so trading down from highs last seen in early March. Geopolitical tensions are rising as Yemeni rebels attacked Saudi refineries and an attack occurred at an Iranian nuclear facility. Production is rising again in the US as Permian Basin output is set to reach 4.47MM\/bpd in May. Chairman of the Fed Jerome Powell did an interview on Sunday in which he described the US economy as being at an \u201cinflection point\u201d. He said we are \u201con the cusp\u201d of growing more quickly but some risks remain. WTI traded up $0.38 or .64% to close at $59.70. Brent traded up $0.25 or 0.4% to close at $63.20.<\/p>\n\n\n\n
Geopolitical tensions are rising as Yemeni rebels attacked Saudi refineries and an attack occurred at an Iranian nuclear facility<\/p>\n","protected":false},"author":2,"featured_media":1860,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-3271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n