Oil Prices Up but Mood Is Still Down

Small rally reverses earlier declines but glut is leaving investors bearish

Crude Oil: $43.49 barrel, Natural gas: $3.067/MMBtu, Gold:$ 1245.20 per troy oz


 News:

Crude futures rose for a third consecutive session Monday, as investors weighed the relentless growth in U.S. oil output against efforts by major global producers to reduce supply.

U.S. crude futures for August delivery settled up 37 cents, or 0.86%, at $43.38 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 29 cents, or 0.64%, to $45.83 a barrel on ICE Futures Europe.

Even though oil prices have…To read more.

Resource: WSJ


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