- Vortex data revealed that the amount of crude oil held worldwide on tankers that have been stationary for at least seven days fell to 78.66m bbl as of June 14, Bloomberg reported. That is a fall of nearly 12%.
- Jet Fuel demand will keep growing as the demand for plane travel continues to pick up, Bloomberg data reported.
- OPEC sticks to its bullish outlook against the forecast from the International Energy Agency (IEA) and expects more demand pickup by the fall and winter of this year.
- Mixed economic data from China makes traders question whether China will be able to keep up its current demand resurgence, Reuters reports.
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