Abhishek Kumar

Nevertheless, oil production in the Gulf of Mexico returning to normal following Hurricane Barry will limit price gains.

The unexpected drawdown in U.S. commercial crude oil stocks was balanced by lower-than-expected withdrawals in the country's gasoline and distillate inventories.

A persistent rise in U.S. oil output, together with lingering demand-side concerns emerging from the U.S.-China trade dispute, is limiting price gains.

It is becoming increasingly clear that Saudi Arabia and Russia will struggle to compensate for potential losses in oil production from the likes of Venezuela, Iran and Libya, triple-digit oil prices are not off the table.

Clearly, the sentiments are against any companies dealing in comm... by Abhishek Kumar

Clearly, the sentiments are against any companies dealing in commodities.