Is This Oil Price Rally Sustainable?

Oil prices have recovered as a result of a flurry of bullish
catalysts, and while most oil majors see earnings improve, upstream
investments are falling. (Click to enlarge) (Click to enlarge)
(Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to
enlarge) (Click to enlarge)Friday, July 28, 2017 Oil prices are on
track for the biggest weekly gain so far this year, with Brent
solidly above $50 per barrel and WTI not far behind. Shell’s CEO:
Oil prices “lower forever.” Royal Dutch Shell’s (NYSE:
RDS.A) CEO…

Oil prices have recovered as a result of a flurry of bullish
catalysts, and while most oil majors see earnings improve, upstream
investments are falling. (Click to enlarge) (Click to enlarge)
(Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to
enlarge) (Click to enlarge)Friday, July 28, 2017 Oil prices are on
track for the biggest weekly gain so far this year, with Brent
solidly above $50 per barrel and WTI not far behind. Shell’s CEO:
Oil prices “lower forever.” Royal Dutch Shell’s (NYSE:
RDS.A) CEO…