Oil Price Rally Will Soon Dissipate as Offset by Rising Output

Crude oil prices remained firm, on the first trading day of 2H17, extending the recent rally for a 8th consecutive day. Ending the first half at 46.04, the front-month WTI crude oil contract lost -14.82% from December 2016, while the Brent contract was down -16.32% for the period. The recent strength was only a brief recovery from the selloff.

See the original post: 
Oil Price Rally Will Soon Dissipate as Offset by Rising Output