Oil and Products Morning Report 01/12/21

Good Morning. Oil rebounded from a sharp decline on speculation that recent deep losses were excessive and OPEC+ may decide to pause hikes in production, with the abrupt reversal fanning already-elevated volatility. West Texas Intermediate rallied 3.2% after tumbling by more than 5% on Tuesday, when a sell-off was driven by escalating concerns about the …

Oil and Products Morning Report 30/11/21

Oil headed for the biggest monthly loss since the early days of the coronavirus pandemic as investors weighed risks posed by the new omicron variant, with a top drugmaker saying the world may now need new vaccines. WTI plunged 3%, failing to hold on to early gains, as global benchmark Brent also tumbled. There is …