Crude oil comment: Fundamentals are key – more volatility ahead

This week, Brent Crude prices have declined by USD 2.

5 per barrel (3%) since the market opened on Monday. The key driver behind this movement was the OPEC+ meeting last Sunday.

Initially, prices fell sharply, with Brent touching USD 76.

76 per barrel on Tuesday (June 4th); however, there has been a slight recovery since, with.