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Oil futures are open for the new week's trading (Sunday evening US futures trade) - higher

Eamonn Sheridan
05/06/2022 | 22:11 GMT

WTI and Brent Crude Oil futures are both opening strongly.

Weekend items posted:

  • World's largest independent crude oil trader says US could allow more Iranian oil
  • Saudi Arabia raises oil prices more than expected

  • The US will allow two companies to ship Venezuelan oil to Europe

Last week OPEC+ agreed to an output boost. A drop in the bucket it was. Uptrend in price continuing to open the new week.

CL update:

oil cl 06 June 2022

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