Oil has rebounded from March-April lows but remains vulnerable to how the global economy recovers and if output cuts by Saudi-Russia production hold.

Key highlights:

  • US shale producers slowed drilling of new wells as prices fell
  • Supply-demand may not be as well balanced as market indicates
  • Will Saudi-Russia production cuts hold as prices rebound?
  • Oil prices still dependent on full recovery of global economy
Published on June . Click here to view on the CME website.