Oil Prices: A Legitimate Rally or Dumb Money?

Crude oil prices have rallied between 25% and 33% over the past 30 days, according to Finviz , depending on whether you look at WTI or Brent crude oil. With an OPEC meeting coming up in late March, many traders are reducing their short positions in anticipation of a supply cut designed to send prices higher. The problem is that oversupply remains a big problem and U.S. production may keep a ceiling on prices near their breakeven production costs.