Crude prices have given back the brief gains overnight (following API's report of a big crude draw) as US GDP slowed and weighed on demand expectations (offsetting nervousness from another attack on a ship in the Red Sea, and Israeli comments that it probably wouldn’t be able to defeat Hamas before the end of this year). Additionally, traders are anxiously awaiting the OPEC+ meeting over the weekend for more clarity on the supply-demand outlook. “There’s some caution in the market, with attention on slowing consumption just before the high-demand summer season,” said Will Sungchil Yun, a senior commodities analyst at ... (full story)