Oil prices are lower this morning following last night's API-reported surprise build in gasoline and distillates stocks (with WTI having rejected $60 once again) as the dollar freefall stalls (for now) “For the oil market to recover, the world needs further progress in fighting the pandemic, a slowing infection count and a gradual withdrawal of lockdowns and restrictions.,” said Louise Dickson, an oil markets analyst at Rystad Energy AS. This northern-hemisphere summer, “vaccination campaigns are expected to reach a satisfactory initial level to allow a gradual return to social normality.” So, all eyes are now on the ... (full story)