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Market Brief

Market Brief: June 2, 2021

June trading started well for the Bulls on Tuesday. The gang at OPEC+ started the week off confirming the current production plans. They pointed to ongoing growth as the world recovers from Covid and did not feel the need to adjust for Iranian supplies which may reenter the market. In the land of travel, 7.1MM passengers filed through TSA checkpoints over the holiday weekend with Friday being the busiest air travel day since March 11, 2020. The EIA will not post weekly inventory numbers until Thursday because of Memorial Day celebrations.

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