CNBC | Oil Prices Poised To Rise As Cycle Comes To An End OilPrice.com I have been working in the oil & gas industry for more than 40 years, so I have lived through several boom and bust periods for upstream companies. Here are a few observations: • Oil price cycles tend to overshoot on both the upside and the downside ... US crude sinks 3%, settling at $63.01, as geopolitical anxiety that fueled a rally fades Oil futures slip as investors focus on short-term demand drivers Oil Slumps as Trade War Fears Prompt Investors to Spurn Risks |