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Crude Futures Fall

OIL

Oil fell in Asia on Tuesday, WTI down $0.48 from settlement levels at $64.44/bbl while Brent is down $0.51 at $67.81/bbl. Earlier, Colonial Pipeline Co. hit the wires and said service will be mostly restored by the end of this week following a cyberattack. In the meantime fallout from the attack is evident with some gas stations running out of fuel and North Caroline declaring a state of emergency. Markets look ahead to the OPEC report due later today, the cartel is bringing back around 2m bpd of supply by July, starting with 600k bpd this month.

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