Crude oil futures rebounded somewhat July 20 after the biggest single-day drop in prices of 2021, signaling the day prior was a bit of an overcorrection and also anticipating more bullish US inventories data this week. Front-month NYMEX WTI gained $1 to settle at $67.42/b on the final day of trading on the August contract, while ICE September Brent rose by 73 cents to settle at $69.35/b. NYMEX September WTI, which moves to the front of the curve July 21, picked up 85 cents to settle at $67.20/b. NYMEX August RBOB jumped by 2.11 cents to $2.1315/gal, and August ULSD increased by 2.75 cents to $2.0127/gal. Crude prices ... (full story)