What Is Holding U.S. Oil Production Back?

The U.S. energy sector continues to be an outlier in this bear market, gaining +6.6% last week thanks to riding a rally in crude prices after Yemen's Houthi rebels claimed a series of attacks on Saudi Aramco oil storage facilities. May Brent crude (CO1:COM) settled +12% at $120.65/bbl while May WTI crude (CL1:COM) closed +10.5% for the week at $113.90/bbl. The attacks have come at a time when supply risk is higher than it has been in years, with Price Futures Group's Phil Flynn telling MarketWatch the supply-demand deficit is only going to get…