Tuesday, May 5, 2015

Crude Bulls Running Out of Steam

Crude bulls posted a new yearly high on Friday as WTI rocketed higher the previous 2 sessions after Wednesday’s more bullish than expected DOE inventory release.  More bullish?? Or less bearish might be more like it.  Since making multi-year lows on March 18, WTI crude has seen a healthy 42% rebound.  Brent crude has rallied nearly 49% since putting in the low for the year on January 13.  And we all know gasoline prices have been going up at the pump. (more)

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