Liam Denning, Columnist

The Spring Oil Rally Redux

That one didn't turn out so well, and this one probably won't, either.

March 4, 2016 at 7:04 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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What is the oil rally running on? "Gasoline!" cry bulls. "Fumes!" cry bears (and the odd headline writer).

To find out who is right, it is worth comparing this rally with the one that happened almost exactly a year earlier.