Tightening Fundamentals Have Given Oil Prices Significant Upside. Al-Bukhari OilPrice.com
After remaining tied for most of the second quarter, oil prices have mounted a significant rally, with first-month Brent gaining over 10% since the beginning of the month to trade at $ 83.30 a barrel. This marks the first time the contract has settled above the main 200-day moving average in nearly a full year. … Read more