Oil prices continue its strong start to the year
"Fundamentals" or not, oil continues to make strides after breaking out of the December wedge that I highlighted back then here.
It took out $60 with ease, and since then it hasn't looked back. Seasonally, January has not been a good month for crude:
Out of the last eleven years, it has only gained twice for the month of January. But as of today alone, it is already up nearly 6% on the month.
