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The 2018 oil rally is happening at breakneck speed.
As I write this, West Texas Intermediate (WTI) is above $66 a barrel, while Brent crude is breaching $71 a barrel for the first time since December 2014.
That means, as of Wednesday's close, WTI has risen 12.2% for the month; Brent 8.1%.
Now, I've written about the narrowing of the global crude oil balance for some time.
But it's looking more and more like that balance is arriving quicker than anticipated.