As I’m writing this, the West Texas Intermediate (WTI) has surged almost 3 percent for the day, over 5 percent since the close on Monday, and is up 6.5 percent in a week – their highest levels since the beginning of February. Meanwhile, Brent has registered equivalent gains of 2.9 percent, 4.6 percent, and 6.5 percent, respectively. Now, there are two essential reasons why the price improvement is taking place, and both bode quite well for investment returns in the sector. Oil’s “Usual Suspects” The first reason goes to the “usual” suspects… • U.S. production levels; • Geopolitics; • Demand; • And currency exchange rates. These are familiar, traditional, and market-based considerations. American extraction came in much lower than expected for the week. Estimates from the Energy Information Administration (EIA) showed a decline of 2.6 million barrels. However, analysts had expected a 2.5 million increase . Now, a variance […]