Oil demand is looking shaky , and cracks in the global economy are also a major headwind, but there is a case to be made that oil prices could rise in the weeks ahead. A price rally isn’t inevitable, but due to so many unexpected factors working in concert, the oil market is experiencing some upward pressure on crude even as demand is flagging. First, and most obvious, is the U.S.-Iran tension, which is clearly not going away anytime soon. The U.S. decision to pull out of the nuclear deal a year ago set the stage for today’s collision course. With Iran’s back against the wall, it too has now decided to exit the accord, although in an incremental fashion. American officials are citing the withdrawal as further justification to ratchet up the pressure. So far, oil flows have not been disrupted in any major way, but risks to […]