Are we seeing some bullish momentum in crude prices?
Oil prices are rebounding again today alongside a slight uptick in market sentiment more broadly. Perhaps some of the confidence in Washington that a deal on the debt ceiling isn't far away, amid "steady progress", is filtering through to the markets, although default was almost certainly never a realistic possibility in the first place.
Crude has gathered a little upward momentum over the last week or so, with prices making higher lows on the
19-05-2023 09:56 GMT
by Craig Erlam
