Highlights NYC to ‘fully reopen’ July 1 US unemployment claims fall, miss expectations France to ease restrictions May 19 Improved global demand outlooks and a late session slide in the US dollar pushed crude oil futures to settle at their highest since mid-March on April 29. NYMEX June WTI settled $1.15 higher at $65.01/b and ICE June Brent was up $1.29 at $68.56/b. Signs of improving energy demand in the US, Europe and China were supporting prices despite recent COVID-19 flare ups in India, analysts said. “[US] crude oil imports increased to over 6.6 million barrels per day, putting them at their highest level since early July 2020, which also points to higher US demand,” Commerzbank oil analyst Eugen Weinberg said in a note, referring to US Energy Information Administration data released April 28. It […]