On the verge of a four day rally, oil futures have gained on the prospects of an OPEC-IEA stand-off, falling stockpiles in the U.S. ahead of peak gasoline consumption given the Fourth of July holiday, and the first hurricane of the Atlantic season, Tropical Storm Arlene, hitting the coast of Mexico.
FORBES: Oil On The Verge Of A 4-Day Rally As OPEC-IEA Conflict Escalates