Crude prices undo early losses amid coronavirus resurgence fears

摘要

Crude oil prices largely followed the stock markets on June 15 andeventually traded up after early dips amid coronavirus resurgence fearsfrom Beijing to Texas during the continual reopening of economiesaround the world.While crude oil is buoyed by the ongoing OPEC+ efforts to keepmore barrels off the market, prices are still sitting below $40/b out ofconcerns of an extended first wave and eventual second wave of thecoronavirus pandemic.