Is This The Start Of Another Major Rally In Oil?

U.S. West Texas Intermediate crude oil futures are trading slightly higher early Friday as traders attempt to claw back this week’s low. It’s been a volatile week with prices hitting their lowest level since February 25 only seven sessions after reaching an eight-year high on March 7. After making that move, prices have consolidated, which suggests traders may try to take another run at multi-year highs. Fundamentally, the market remains well-supported by worries over both supply and demand. If the rally resumes, traders have to be…