Can oil continue to rally? Prior to the latest eruption in the crypto space, Brent crude (oil) was looking like the volatile player in the market but these moves pale in comparison. Oil prices have sprung back to life over the last couple of weeks, aided this week by huge inventory drawdowns, as reported by API and then to an even greater extent by EIA, who reported the largest reduction in stocks in almost three years. Whether prices can continue to rise will likely depend on how the meeting in Osaka goes over the next couple of days. Global growth risks are a major downside risk for oil prices, although they have ... (full story)