WTI Crude Oil futures has been in the news for the most of last week as prices attempted to stage a strong rally after staying range bound for nearly 5 weeks after hitting a multi-year low to $39.86. As of Friday, 9th October, NYMEX Crude Oil closed at $49.63 prompting many to question whether Crude Oil prices are on a rebound or if this rally was merely a dead cat bounce. For one, there is no doubt on the fact that Crude oil prices have managed to stabilize largely in the past few months after posting a strong and steady decline since mid-2014. With OPEC unrelenting to cut production, the markets have been flooded ... (full story)