Crude oil prices are rallying back, with WTI making back to nearly $90 per barrel. The optimism over an expected interest rate cut by the ECB next week is forging hopes of a euro zone economic recovery that will translate into improved energy demand later this year. The move is not outsized, but getting back to near-$90 is a real rebound. The rebound comes despite languishing euro zone and China economic data, and despite the fierce sell-off last week that was supposed to herald the end of the commodity super-cycle
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