Oil Prices Rebound as Supply Tightens and Traders Close Short Positions
Oil prices opened strong on Monday and extended gains by more than a third from this year’s lows in early Asian trade. This is largely due to expectations of a tightened supply that flickered hopes of an easing in the global oil glut. West Intermediate Texas (WTI) is trading up 1.89% at $36.6 per barrel, … Read more