While lockdown measures are easing, there will be concern over unemployment and inflation and the speed with which the markets are expecting the economy to recover… As always, the FED Chair Chatter seems to be an important event to pay attention to. Until this is remedied, which is no easy task, any material upside in crude would likely be limited near-term There are also downside risks that continue to question the recent rebound. It’s not just about the size of production cuts, but actual output forecasts versus demand… OPEC’s report will give some guidance on where things stand.