Weekly Fundamentals - Output Disruption and Better Demand Outlook Maintained Oil's Gain

Supply disruption, forecast upgrade and inventory decline helped resume the rally in energy prices. Although failing to breach above US$60/bbl, the front-month Brent crude contract rose to as high as 48.19, just shy of 2016's high of 48.5, and gained +5.42% last week. The WTI crude contract made a fresh year-high of 47.02 before ending the week at 46.21, up +3.47%.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-output-disruption-and-better-demand-outlook-maintained-oils-gain-2016051532908/