Analysts see oil prices maintain upward trajectory

It will be recalled that on Monday, oil prices rebounded and were trading higher, extending the rally into morning Asian trade on Tuesday.

Some, such as Forbes’ Bill Sarubbi, note the technical data of oil trading to suggest prices are going to go higher. In a recent story, Sarubbi said that historical data shows oil pric tend to rise between March and May most of the time, so it makes sense to expect them to rise this year as well.

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