Oil Rally Grinds To A Halt

U.S. WTI futures are retreating after having reached a six-year high on Tuesday morning. The OPEC+ standoff has been the latest in a string of bullish events that has sent crude prices up by almost 60 percent since the beginning of the year.Chart of the Week -    Investors that bet against U.S. oil fund USO (NYSEARCA:USO) got burned following the failed OPEC meeting.-    The popular oil ETF nearly doubled in value since October last year as a result of falling U.S. crude inventories and tighter markets.-  …