After a brief hiatus on reports that OPEC+ is pondering another production hike starting in August, oil prices have resumed their march higher after U.S. crude supplies fell for the fifth straight week. Brent prices have pushed past $75/bbl for the first time in two years as U.S. inventories fall by 7.
6M barrels to post a fifth straight weekly decline after EIA reported that U.S. crude inventories fell by 7.6M barrels during the week ending June 18, 2021. That works out to 224,000 fewer barrels per day than the previous week's average. Wall Street…5 Must-Watch Energy IPOs This Year
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