Oil Markets On Edge As Second Wave Hits

Oil is in the midst of a tug-of-war, with accelerating COVID-19 transmissions and a recovery in demand pulling prices in all directions. (Click to enlarge) (Click to enlarge) (Click to enlarge)Chart of the Week (Click to enlarge)-    U.S. commercial oil inventories reached an all-time high of 541 million barrels for the week ending on June 19, breaking a record last set in March 2017. These numbers exclude the SPR.-    As of June 19, inventories were at 62 percent of their total available storage capacity, according to…