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The headlines helped the Bears on Monday in the Fuels Markets. Covid cases in the US are up 47.5% over the past week with 43 states showing increases according to Johns Hopkins University. Emergency rooms in rural Missouri are struggling with the latest surge. Japan Prime Minister Suga ordered a COVID-19 state of emergency for Tokyo. More fuel for the Bears could be coming this week as inflation moves again to center stage. The Consumer price index posts Tuesday and Fed Chairman Jerome Powell presents the Fed’s semi-annual report on Wednesday. As of this post, there is still no word from OPEC+ on crude production agreements. The longer and more bitter the disagreements, the more ground the Bears gain.