| Is the bear market in oil over? It’s starting to look that way, after another big move up in crude prices overnight, adding to the 7% gain it posted on Friday. Prices have swung sharply within a $3/barrel range so far Monday, as short-term trading instincts clash with long-term fundamentals.
Over the last month, traders who started the year by ‘shorting’ oil had made a tidy profit, as the price had fallen from $53.27 a barrel to as low as $44 by Friday...............................................Full Article: Source
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