Daily Oil Fundamentals
Equivocal Bull Revival
17 May 2024Equivocal Bull Revival
Brent reached its annual peak of $92.18 on April 12. Yesterday it settled at $83.27/bbl having been as low as $81.05/bb on Wednesday. The burning, albeit rhetorical, question is whether the summit will be re-visited first or another $10/bbl will be shed as optimism has seemingly gone AWOL.