In the latest key figures from the oil and gas industry we see that oil rallied throughout the week, ignoring the fact that U.S. crude oil stocks have risen to over 540 million barrels. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday 29th April 2016 Oil prices continued their gains this week, breaking out of a trading band that could mark a new period for the market. As of early trading on Friday, WTI was above $46 per barrel and Brent traded above $48 per barrel. There are some warning signs that the oil rally may not last – the EIA reported another uptick in storage levels – but for now, traders are feeling optimistic. ExxonMobil loses AAA rating, reports earnings . It has been a busy week for ExxonMobil (NYSE: XOM). The world’s largest […]