Here’s Why Oil Prices Could Keep Climbing

by Greg Guenthner
Daily Reckoning

Stocks took a beating yesterday.

But crude continues to push to new 2016 highs, topping $48 for the first time in nearly five months.

Everyone in the oil patch must be dancing in the streets! The energy bulls are back!

Except that’s not true…

No one is cheering on crude as it sneaks higher week after week.

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