The oil markets appear to have successfully scaled a major wall of worry, with oil prices rebounding to multi-year highs. Brent crude settled near a three-year high at $77.25/bbl, its best level since October 2018, while WTI closed Thursday trading at $73.30/bbl, scoring the highest settlement since July. Behind the bullishness is growing optimism that looming debt trouble at China Evergrande Group (OTCPK:EGRNF) (OTCPK:EGRNY) can be contained, coupled with a lack of any hawkish surprises by the Federal Reserve. The Fed recently announced its tapering intention, thereby confirming its economic optimism. Oil demand is seen growing steadily amid an ongoing economic recovery while the supply outlook remains stable thanks to production discipline by OPEC+. Meanwhile, adding to the bullishness is the latest EIA report that shows that U.S. crude stockpiles declined for a seventh consecutive week. According to the U.S. Energy Information Administration, U.S. crude inventories last week fell […]