| After falling roughly 60% from July through March, oil prices are now up around 44% from their bottom. The chatter among many investors and industry players is that the worst is over. The only questions remaining, they say, are how high prices will go from here and how soon oil drillers can resume counting their profits.
Others suggest that the market is getting giddy—oil prices will turn back down, they counter, namely because the conditions that produced the breathtaking plunge over the last 11 months largely still persist. The recent rebound is “likely a false dawn, I’m afraid,” Jamie Webster, an analyst with IHS CERA, tells Quartz...............................................Full Article: Source
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