Tortoise’s Rob Thummel quoted in Bloomberg

Oil Slips Below $54 as Trade Fears Outweigh U.S. Gasoline Demand

  • American crude stockpiles fell by more than expected last week
  • WTI futures shed earlier loss; OPEC+ may extend supply curbs

Oil slipped below $54 a barrel after a short-lived spike as anxieties about global trade and a supply glut overshadowed record gasoline consumption in the U.S.

Read more here: https://www.bloomberg.com/news/articles/2019-06-18/oil-rallies-on-opec-meeting-progress-decline-in-u-s-stockpiles

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