Increasing risk that OPEC+ will unwind the last 1.65 mb/d of cuts when they meet on 7 September

Pushed higher by falling US inventories and positive Jackson Hall signals.

Brent crude traded up 2. 9% last week to a close of $67.

73/b.

It traded between $65.

3/b and $68.

0/b with the low early in the week and the high on Friday.

US oil inventory draws together with positive signals from Powel at Jackson Hall signaling that.