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Oil hits 2016 high above $40; glut warnings resurface - Reuters
Reuters | Oil hits 2016 high above $40; glut warnings resurface Reuters Oil's rebound from lows of around $26 a barrel was also driven by chart-related buying and asset rotation by investors that resulted in higher allocations into commodities such as oil and copper, as well as equities. U.S. equities have risen about 8 ... Oil Prices Are Now 40% Above Their 2016 Lows Oil soars to $40 and commodities go 'beserk' as price rout recedes Supply-Cut Hopes, Upbeat US Data Lift Oil Prices |
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