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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