# The Commodities Feed: Market gyrations | snaps | ING THINK

> Crude oil traded range-bound as the market awaited Iranian nuclear talks in Vienna, which could return Iranian supply. Physical demand improved in Europe and the US as Covid cases slowed. API data showed a larger-than-expected US crude inventory draw.

- Date: 2021-05-26 · published 2021-05-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/47027-the-commodities-feed-market-gyrations-snaps-ing-think
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Possible Iranian supply returns cap crude prices, while improving fuel demand and the US summer driving season offer support. This is routine energy commentary with no major new supply shock.

## Read by commodity

- WTI: neutral

## Sources

- think.ing.com: https://think.ing.com/snaps/the-commodities-feed-whipsawing-markets/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.