Bullish Sentiment Finally Breaks Out in Oil Markets

It appears that bullish sentiment has finally broken out in oil markets, helped along by geopolitical uncertainty and an increasingly optimistic demand outlook.Friday, March 15th 2024Brent futures have broken through the $85 per barrel for the first time since November, indicating that the gradually improving sentiment, further buoyed by Ukrainian drone strikes on Russian refineries this week and declining US inventories, is here to stay. White House Signals Discontent with US Steel Takeover. The Biden administration is rumored to have expressed…