Has the tide turned in oil prices? Certainly, there’s been a measurable rise in Brent Crude since its low of 4778 in mid-January, but that could have been expected given such a precipitous drop in the six months before.
Since then the price recovery has been measurable but muted, reaching a high of 6283 during February only to fall back to 5258 by mid-March.
However, during the last week, hedge funds have turned into a bullish mode for commodity indexes, with oil and gold leading the way.
Read the full news post >>