Oil higher again but rally in doubt We’re seeing a second day of gains in the oil market but I’m not getting too excited just yet. The market was feeling toppy prior to Friday’s sell-off, which was further highlighted by WTI making significant declines on a story that was nothing more than a slightly altered rehash of something we’ve heard numerous times before, without substance. We may be seeing some gains now but this currently looks like little more than a slight correction of Friday’s declines after price bounced off a key support zone. I wouldn’t be surprised to see this area come under pressure once again with ... (full story)