Oil Rally Slows; Bulls Seek New Catalyst in Breathtaking Week

The oil rally is slowing and bulls are awaiting the next big thing, either a breakthrough in U.S.-Sino trade talks or another impactful number on Saudi production cuts, to take the market higher.

Until then, their game could be to sit tight on this week’s gain of nearly 10% — the most for a week since November 2016 — and shut out any “market noise” that could spark a substantive correction.

New York-traded West Texas Intermediate crude settled up a meager 23 cents, or 0.4%, at $52.39 per barrel, after making a new 2019 high at $52.70…

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