Bullish data from the EIA and promises from OPEC+ to eradicate under-compliance boosted oil markets, but fears of a second wave of COVID-19 cases are keeping a cap on oil prices. For Global Energy Alert members there are now two new free reports available in your dashboard. The first of these reports is on how to interpret stock charts and the second outlines the three biggest mistakes made by traders today. Make sure you become a member to read these reports and many more. Friday, July 17th, 2020 The big oil market news of the week was the easing of cuts from OPEC+. The markets largely welcomed the move, especially since it included pledges by laggards to temporarily keep some supply off of the market to compensate for past under-compliance. Meanwhile, bullish EIA data also boosted sentiment. However, by the end of the week, concerns about slowing oil demand […]