Are Oil Prices Set To Rally Once Again? ...Middle East

Economy by : (OILPRICE) -
While it is always risky attempting to forecast oil prices when volatility is soaring, the recent return above $100 for both WTI and Brent suggests fundamentals might once again be in the spotlight and a sustained price rally could be on the horizon. Chart of the Week - Dropping copper prices are often viewed as a crucial indicator in forecasting a future economic recession, hence the nickname Dr. Copper, and it seems that we have entered exactly that period. - Since April, copper has lost almost a third of its value as inflation is creeping…

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