Oil Bulls Face Make-or-Break Moment on Price Rally
This quarter should be the tightest of the year for global crude supplies, but once the summer squeeze has passed, fundamentals look set to soften.
An oil platform in the Gulf of Mexico off the coast of Tampico.
Photographer: Mauricio Palos/BloombergWelcome to Energy Daily, our guide to the commodities powering the global economy. Today, reporter Grant Smith looks at what might come next for crude prices. To get this newsletter sent straight to your inbox, you can sign up here.
Oil traders betting on a price rally are confronting a make-or-break moment.