Oil prices gained around 30 percent in the first quarter this year, with both WTI and Brent posting their best quarterly performance in a decade —since the second quarter of 2009. At the start of the second quarter of 2019, WTI Crude had already topped $60 last week and has been trading above that level in the first week of April, while Brent Crude has been flirting with the $70 mark for days. At the end of last year, the analysts predicting such a fast rise in oil prices in 2019 were in the minority, after market participants panicked over gloomy forecasts about slowing oil demand growth this year that sent oil tumbling nearly 40 percent in Q4 2018. A quarter into this year, signs have started to appear that concerns over faltering demand growth may have been overblown. Demand has been resilient–actually it has been holding more resilient […]