Unlikely that Saudi switches from ”price” to ”volume” any time soon

Small gains with low conviction this morning.

But we don’t think Brent can resist the upside. Brent crude rebounded 0.

9% ydy with a close at USD 77.

99/b following the sharp selloff last week on signals that a ceasefire in Gaza could be in the cards.

This morning Brent crude is inching higher by 0.

2% to USD.