TVC:USOIL   CFDs on WTI Crude Oil
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Comment: This is an analysis by @anasalhajji reccomended by @PopescuCo:
Comment: The last time oil went from the low $30 per barrel range to more than $50 was from December 2008 to April 2009 when it took 126 days for WTI prices to go from $33.87 on December 19, 2008, to $51.55 on April 24, 2009.
Comment: While it took just over four months for prices to recover to $50 per barrel during the 2008 cycle, WTI prices in 2016 came back from even lower lows, and more rapidly, during this most recent cycle. From February 11, 2016, to June 8 of the same year, the price of the U.S. benchmark crude rose 95.5 percent, from $26.21 to $51.23. In just 89 days, WTI appreciated $25.02 compared to a price increase of $17.68 per barrel in 126 days during the 2008 cycle.