Gulf States Oil Gamble Pays Off – ValueWalk Premium
john arnold

Gulf States Oil Gamble Pays Off

Over the past few weeks, the price of Brent crude has spiked to $60 a barrel due to rising tensions in the Middle East and improving fundamentals for the oil market.

As I reported last week, low oil prices and the growing global economy have helped push oil demand to a new all-time high. Meanwhile, the current level of demand growth -- 1.6% -- is 50 basis points higher than the


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