From Newsmax:
After surging to a record high of $147 last July, oil prices plunged to $37 near year-end, thanks to the economic slump.
Now they are back above $60, and experts say the rally has only just begun.
The same factors that drove prices up last year could return quickly, Prof. James Hamilton of the University of California, San Diego told Congress this week. He cites slumping global production and explosive Chinese demand.
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