Oil kick-started its rally during a week many expected it to fall apart, the product of a clear change of heart among investors: The panic is gone. Oil made gains for the eighth time in 10 weeks, a rally that has pushed it up 67% from a nearly 13-year low in February. The gains come as many analysts expected crude to retreat toward that low, citing stockpiles lingering near record highs, global production that is still strong and the failure of the world’s biggest exporters to complete a deal last weekend to cap their output. Instead, small and even temporary changes to the oil market were enough to keep the rally going, traders said. Pipeline outages and strikes disrupted supply around the world, China reported rising imports, employment grew in the U.S. and the storage glut didn’t grow. With fears of a recession now firmly on the back burner, […]