The Key Drivers:

• Strong U.S. Jobs Data: 139,000 new jobs and 4.2% unemployment signal solid economic footing.
• U.S.–China Trade Talks: Renewed negotiations lift hopes in the world’s biggest oil-consuming economies.
• OPEC+ Dynamics: A planned July output bump of 411,000 barrels/day lines up with rising seasonal demand.

Market Snapshot:

• Global demand is projected to reach 102 million barrels/day this year.
• U.S. oil rigs are at a 4-year low—future supply might tighten.
• Geopolitical tension and policy moves could keep prices volatile.

Investor Insight:

While demand is recovering, risks remain. Opportunities exist, but so do challenges— from drilling slowdowns to diplomatic flashpoints.