For the first time in two years, the oil bulls are starting to outnumber the bears.
The market is undergoing a “demand shock” as consumption growth this year accelerates to the second-highest level in 30 years.
That surge, which lifted benchmark oil prices to a 26-month high of more than $90 a barrel on Tuesday, is creating a dilemma for the Opec oil cartel, which meets on Saturday.
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