Market Signals Suggest Oil Rally Has Momentum

Closely watched indicators in the oil market are boosting confidence that prices can continue to rebound, sparking bullish bets by investors ahead of the summer driving season.

Crude prices are eclipsing levels that they struggled to top in recent months. U.S. oil recently broke through $60 a barrel, and Brent—the global benchmark—is fast approaching $70. Crossing these crucial psychological levels could lure more investors into the market, analysts say.

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Global public,concerned warned that this trend may further aggravate global economic inequalities,push the world nearer to economic,financial crisis similar but at a bigger scale.only some ignition may be required.what that ignition as a cause to the effect?Lift sanctions help?

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