Oil prices have risen for eight straight days, their longest such streak since February 2012. Yet, prices are still down 12-15% since the beginning of the year: “Enjoy that road trip! July 4th gas hasn’t been this cheap in years.”
Let’s take a look at the key trends driving the oil market today and in future. A somewhat important subject given that oil is and will remain the world’s most vital source of energy, at about 35% of all needs. And “$30 Oil Could Spark Contagion In Energy Markets.”