The Most Fragile Oil Price Rally In History ...Middle East

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The Most Fragile Oil Price Rally In History
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Brent crude could hit $70 or even $80 a barrel by the end of this year, one hedge fund manager says. It could top $100 next year, an energy analyst forecasts. Oil is on a tear, and suddenly, everyone is bullish. But this is probably the most fragile oil price recovery in history. Something as tiny as a virus could kill it. Herd immunity is the big factor for hedge funds, according to a recent Reuters report. According to them and several banks, the United States—the world’s biggest oil consumer—will reach herd immunity by the…

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