Oil Is on a Gigantic Tear
Either a short squeeze or expectations of lower supply has caused the price of oil to boom by more than 20 percent
Source: Bloomberg
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One of the big stories in the market right now: Oil is on a tear.
After plunging for months, the price of oil has boomed over 20 percent in just the last three trading days. Last Friday it was just over $44 per barrel. Today it's selling at nearly $54 per barrel.