Editorial: Foolhardy Rallies & Tanker-Sized Breaches

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Tim Haïdar

In rapturous news, crude oil hit a 2016 price high as it peeked above $40 per barrel this Monday. A price rally of 40 per cent in the last four weeks has lifted the Black Gold from 12-year lows in January, igniting the hope amongst investors and industry insiders that a tanking oil market had reached bottom and was pulling itself back from the brink. As many consider embarking on the diaphragmatic process involved in breathing a sigh of relief, the customary killjoys have volunteered a warni...
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