Results

The Bears won the week in the Fuels Market on Friday, but the Bulls will be living off strong momentum from the final two trading days. As of this post, OPEC+ has still not mended their broken relationships creating production uncertainty in the market. However, there is absolute certainty Crude supplies in the US are trending lower with seven consecutive weeks of declines. Delta Airline’s reports quarterly earnings next week. The EIA data would suggest leisure travel is strong. Traders will be watching for hints into the recovery of the business and international travel sectors. Ears will also be focused on Delta’s take on the delta Covid variant.