Iran will not join output freeze in June – RTRS

According to Iranian oil sources, the country will not join the coordinated effort by OPEC members to freeze the oil production at the meeting next month.

Iran added that any agreement depends on Russia and Saudi Arabia.

United States EIA Crude Oil Stocks change came in at 2.08M below forecasts (2.4M) in April 15

United States EIA Crude Oil Stocks change came in at 2.08M below forecasts (2.4M) in April 15
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WTI flirts with $42.00 post-EIA, still in red

The barrel of West Texas Intermediate has seen its pullback trimmed today, currently testing the $42.00 neighbourhood following the EIA’s report. W
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