The rebound in crude oil prices is continuing. The UK’s avoidance of a triple-dip recession has the pound rallying at the expense of the dollar, which is supporting commodity prices. Also, to the extent that there is hope for the global economy, oil prices will catch a bid. The UK’s growth of 0.3% was still anemic, but it helps its citizenry avoid the malaise induced from the country’s vaunted tabloids screaming “triple-dip!” and worse.
Energy Overview — TotalView™ of the Energy Markets