Brent crude oil is bid this morning finding support from a weaker U.S. dollar which will likely be the main driver of market pricing today. From a crude oil perspective, OPEC is scheduled to release its monthly market report later today that which will include their outlook for the market and it will be interesting to see whether significant revisions are made to demand/supply forecasts. Ending of the trading day the API weekly crude oil report will come into focus and another decline as seen last week could give oil prices a boost.
