Bounce In Oil Prices Silences Bearish Calls For Crude ...Middle East

The past few weeks have been a disaster for oil bulls after energy stocks posted their worst performance since the start of the pandemic amid fears that interest rate hikes across the globe could slow global demand. Last week, West Texas Intermediate(WTI) crude oil futures fell below $102 a barrel, good for a 22% drop over the past two weeks--the technical definition of a bear market. The funny thing is that this doesn't feel like a bear market, considering that crude is still up about 40% this year. Some oil bulls are not convinced that the epic…

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