CNBC | This Oil Price Rally Has Reached Its Limit OilPrice.com Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just a month ago, and the market is on the upswing. However, the rally could run out of steam in ... Oil surges into the close to settle above $50, posts best monthly gain since April 2016 Oil at two-month high, ends above $50 a barrel How oil can break the back of Venezuelan despotism |