WTI crude touches $64 per barrel for the first time since December 2014
Oil prices continue its strong start to the year
"Fundamentals" or not, oil continues to make strides after breaking out of the December wedge that I highlighted back then here.
It took out $60 with ease, and since then it hasn't looked back. Seasonally, January has not been a good month for crude:
Out of the last eleven years, it has only gained twice for the month of January. But as of today alone, it is already up nearly 6% on the month.