Oil prices have rebounded a bit in recent weeks due to a confluence of factors such as the U.S. dollar’s pullback and geopolitical turmoil in Yemen, but I believe that it is still too early to determine if the rebound is for real. Oil’s glut continues to grow even larger and a more extensive dollar correction is not a foregone conclusion yet, but I’ve learned to never fight market trends – even if they move contrary to the fundamentals.
Read Full Article »
