Global: Oil Prices Have Rebounded, What Happens Next?

Global oil prices continued their rise as the European light sweet crude oil benchmark, Brent, hit a milestone $80 per barrel for the first time since November 2014. To put the rise in perspective, one year ago the benchmark traded at around $51 per barrel, while two years ago it was at just $49 per barrel. The dramatic turnaround is music to the ears of Saudi Arabia, Russia and other major oil producers that have been cutting production for nearly a year and half to turn around the market....