Crude oil price action has staged a monumental recovery since the commodity traded in negative territory this past April. The rally in oil prices over recent weeks looks largely on the back of two bullish fundamental drivers: an OPEC+ deal to slash supply combined with a welcomed rebound in global energy consumption. WTI crude oil currently fluctuates around $40.00 per barrel measured by the front-month futures contract, but the advance has started to stall, and petroleum performance is still down about 34% since the start of January. Broadly speaking, lower crude oil prices stem from a whopping 9% plunge in world ... (full story)