Oil Prices Rally To 2016 Highs On Weaker Dollar

Two hundred and three years after David Melville patented the gas streetlight, and oil prices are lit up once again today. Prices are rallying for a third consecutive day, and for a fifth consecutive week – the longest streak since last May. WTI has now leapt into forty-dollardom to boot, with an impending prompt month rollover to a higher level on Tuesday (contract expiry on Monday). Henceforth, here are six things to consider today: 1) There has been little in the way of economic data overnight to influence markets, with the Uni of Michigan…

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Oil Prices Rally To 2016 Highs On Weaker Dollar

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