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Nine-day rally leads WTI into $50s for first time in 2019
The WTI front-month contract rose $3.63/bbl, or 7.6%, last week to settle on Friday at $51.59/bbl. The contract crossed back into the $50s as sentiment improved across the board. The prior week, Federal Reserve Chairman Jerome Powell said the bank was taking a wait-and-see approach to interest rate hikes in 2019, with no pre-set increase on the board. This led to a bit of economic optimism that was carried into last week. Positive trade talks between the US and......
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