Oil Prices Soar as Sunday Trading Opens – Front months only market with depth right now

September 15, 2019
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WTI $61.75 up $6.90, Brent $68.31 up $8.09 in the first 5 minutes of trading – Front months only market with depth right now

  • Oil contracts began trading on the overnight exchange Globex
  • Saudi Aramco to return 2M bbls/day of production to market Monday
  • Unclear on return of additional 3.7M bbls
  • Trump authorizes SPR release as needed from US
  • More chatter about the weapons utilized in the attack and the source

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