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Oil Is on Another Major Tear

The surge might be due to a declining rig count
relates to Oil Is on Another Major Tear
Source: Bloomberg

Once again, oil is really moving.

The price of a barrel of West Texas Intermediate is up more than 6 percent today. This follows a decline on Wednesday, though the bigger trend over the past week or so is that oil, for the first time in a long time, is showing some nice gains.