Large supplies is a clue that this is a Goldman type the sky is falling rally. It wont hold air.
A $2 rise is not small. Oil supplies reported as down 9.4 million bbl yesterday.
Current jump is a risk premium for the middle east but real none the less
A risk premium is something that traders use to artificially drive oil prices up.The USA 7th fleet will stop any move to disrupt oil supply.Bogus trader baloney.