Oil rally deflates on pessimism
New York (UPI) Feb 23, 2015 - Insider expectations that a rally in the global crude oil market will be short lived brought heavy losses Monday for Brent and West Texas Intermediate. The price for Brent, the global oil benchmark, was trading last week around the $60 per barrel mark, up more than 30 percent from its mid-January low. The growth trajectory followed a bear market for crude oil that erased more than half ... more

---