Oil Prices Rebound As Global Oil Glut Drains

Oil prices rebounded on Friday morning as inflation fears fade and the global supply glut slowly drains, although the IEA did revise its demand projection downward.For more great energy content, make sure you subscribe to the Oilprice youtube channel for breaking news and analysis.Friday, May 14th, 2021Oil prices rebounded on Friday after a midweek selloff.

Neither the bullish nor bearish narratives are taking hold at the moment, and Brent crude is trading in the upper-$60s. Colonial pipeline restarts. The Colonial Pipeline restarted product…