13 days ago • Posted by William Ramstein
Bets on improving demand could see oil gains rise above a $64 price a barrel
Oil’s ascent this year forms a key part of a comprehensive advance in raw materials that has also seen gains in metals and crops. Most-active WTI prices surged 7.5% in April following a 22% rally in the first quarter. Brent’s prompt timespread was 42 cents a barrel, compared with 32 cents about a month ago. That’s a bullish pattern, with near-term prices trading above those further out.