The Oil Price Rally Has Markets Uneasy

Oil prices have rallied nearly 30% since March, demonstrating some resilience and strength amid all sorts of conflicting projections about oil production. But now the next steps are uncertain. When oil prices were hovering in the mid-$40 per barrel range, there was very little room to drop. It was just a matter of how long it would stay at that low price point. However now, having posted strong gains in the last few weeks, there is a lot of disagreement over whether the rally will continue, if prices will stay flat where they are now, or if they will fall once again.