Tortoise Portfolio Manager Matt Sallee in Bloomberg

Oil Pares Gains With U.S. Capitol Protests Shaking Risk Appetite

  • Futures move toward unchanged after settling at 10-month highs
  • U.S. Capitol under lockdown as rioters swarmed Washington

Oil pared gains late in the session as protests in Washington overtook the U.S. Capitol, overshadowing a draw in U.S. crude inventories and Saudi Arabia’s surprise pledge to unilaterally cut output in the next two months.

Read more on Bloomberg: https://www.bloomberg.com/news/articles/2021-01-05/oil-holds-gains-after-topping-50-on-saudi-pledge-to-cut-output

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