Smart Money Is Piling Into Oil

By Oilprice.com -- Nick Cunningham —— Bio and Archives--April 10, 2019

Global Warming-Energy-Environment | Comments | Back To Full Article

Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector. The most recent factor is the sudden eruption of the long simmering feud in Libya between rival factions. The attack on Tripoli by the Libyan National Army (LNA), a militia led by Khalifa Haftar, led to a spike in oil prices on Monday as the market priced in the possibility of supply outages.

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