The WTI crude oil price slightly recovered today after falling below $50 during yesterday's session.
Despite recent drawbacks, oil prices are on track for a long-term rebound over the next year.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The WTI crude oil price slightly recovered today after falling below $50 during yesterday's session.
Despite recent drawbacks, oil prices are on track for a long-term rebound over the next year.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The WTI crude oil price slightly recovered today after falling below $50 during yesterday's session.
Despite recent drawbacks, oil prices are on track for a long-term rebound over the next year.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
There are two reasons why the WTI oil price is up today.
The main reason is the rebound in China's stock market, which saw its biggest one-day gain in six years. The other is the delay in a deal with Iran over its nuclear program.
Here's how both helped caused the surge in oil prices today...