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Oil posts strong weekly gains; analysts say rally unjustified

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Oil posts strong weekly gains; analysts say rally unjustified
21 August 2016, New York — Oil prices settled steady to higher on Friday, with U.S. crude posting its biggest weekly gain since March after surging nearly 25 percent in a little over two weeks, a rally analysts cautioned was not justified by fundamentals. Crude futures have risen almost $10 a barrel since early August […] More »
Oil posts strong weekly gains; analysts say rally unjustified Oil posts strong weekly gains; analysts say rally unjustified Reviewed by Crude Oil Facilitators on 19:17 Rating: 5

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