Commodities: U.S. Drilling Slows Further
Source: SeekingAlpha
2025-06-09 05:30:00 ET
By Warren Patterson , Ewa Manthey
Energy - US drilling activity slows
The oil market strengthened over the last week thanks to a variety of global events, with the ICE Brent Aug 25 contract settling almost 5.9% higher. Canadian wildfires provided support, while the market is digesting announced supply hikes for July from OPEC+. The US jobs report for May on Friday also provided a boost. Meanwhile, the US and China are holding their second round of trade talks in London today....
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Commodities: U.S. Drilling Slows Further
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