Tortoise Managing Director Rob Thummel in The Wall Street Journal

Oil Sputters as Traders Weigh Bank Fears Against China Hopes

Wall Street projected an oil bonanza this year. The first quarter upended those expectations.

Russia has continued pumping out petroleum despite Western sanctions. The U.S. market

has remained awash in crude after

the conclusion of the Biden administration’s emergency release of oil reserves. And a Chinese rebound that underpinned some analysts’ predictions of a commodity boom has yet to juice global demand.