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The broader defensive feel at the start of......>

OIL
OIL: The broader defensive feel at the start of the session weighed on the space
at the re-open, before the bounce in risk appetite and broader attention re:
widespread reports surrounding the potential for a June 4 OPEC+ gathering
allowed crude to bounce from worst levels, WTI & Brent both sit ~$0.10 below
their respective settlement levels as a result.
- A reminder that crude lodged notable gains into the bell on Friday, with
prices surging around the settlement period, before drawing further support from
President Trump's lack of concrete action against China & Hong Kong, despite a
lot of bluster.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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