Oil Rides Back to $70-$65 Sweet Spot

摘要

ICE Brent closed back above $70 per barrel on Friday for the first time since late January. On the other side of the Atlantic, US crude also managed to end the week above its psychologically important $65/bbl mark. Both prices are right around the consensus ceiling for each respective benchmark so far this year and near their year-to-date highs. Now, crude may be getting ready to break higher.