Oil is poised to run higher to late April but is likely to first pull back later in this coming week.
Oil had been unusually weak in view of the rising cycles. Price came within 10 cents of breaking the former January 25th low on the 11th but then rallied more than 8% in a week.
Price reached $55.66 which is significant.
Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.