WTI’s furious rally Thursday stemmed off a weekly loss for the contract, leading some to believe the almost-year-long rally isn’t dead yet.
The US crude oil benchmark will likely fluctuate ahead of the OPEC meeting set for June 22nd, as traders attempt to predict if the cartel will adjust production levels.
President Trump is set to meet with Kim Jong-un tomorrow. While the outcome of this meeting won’t likely affect energy fundamentals, it could help dissipate some geopolitical tension.
RINs got a little bump on Friday, no solid news on the future of the RFS mandate.