Brent crude has rallied to $86 per barrel before U.S. Independence Day, fueled by a major draw in crude inventories, optimism about travel demand, and the risk of outages in the Gulf of Mexico as hurricane Beryl barrels over Jamaica.

Traders have begun to unwind short positions at a rapid pace while adding to long positions. Crude futures could see support from speculative buying if OPEC+ commitment to output cuts remains firm, resulting in higher prices for longer.

Rising crude prices combined with tensions in the Middle East form a bullish cocktail for energy companies. This week, our top trader Martin Tillier shares one of his favorites which ‘ticks all the boxes’

Receive Martin’s energy stock pick along with monthly in-depth due-diligence reports on North American energy companies and the latest geopolitical intelligence from our news-desk for the price of a cup of coffee per week.

Try our risk-free 30-day trial on Global Energy Alert with a money-back guarantee and decide for yourself.

Best regards,

Michael Scott

Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
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