10-14-20 RCC Energy Market Update

Crude and refined product futures finished higher for a second straight day, as a weaker U.S. dollar helped support the petroleum complex. EIA inventory projections are due out this afternoon with rumors of draws across the board also supporting markets. If the DOE confirms draws across the board, we could see some short-term strength in the market. However, oversupply and Covid-19 headlines continue to dominate headlines and add a bearish tone to the markets.