After a brief pause, the oil price rally is back on track. Crude Oil closed for its seventh consecutive week gain, thanks to tight fuel supplies which kept bullish sentiment alive. After a brief fall on Friday, the news followed US inflation hit a new 40-year highWTI crude rebounded to end the week up 1.5% to trade at $122.40/barrel, while Brent crude was up 1.9% at $124.03.

With the summer driving season in full swing, high fuel prices become apparent…



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