Tortoise Senior Portfolio Manager Rob Thummel in Barron’s

Oil Climbs Above $90. Here’s Why It Could Keep Going.

U.S.-based oil futures settled above $90 a barrel on Thursday for the first time since October 2014.

The price surge signals optimism on the part of traders that the worst of Covid-19 will soon be over. Oil supplies are now nearly back to pre-Covid levels, and demand has risen nearly all the way back too—with the exception of jet fuel.

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