U.S.-E.U. Trade Deal Lifts Oil By Over 2.5%, But Will The Rally Last?
1. Oil prices rose over 2.5% amid eased US-EU trade tensions. 2. US to export $250 billion in energy to EU over three years. 3. Increased US production raises concerns of an oil surplus. 4. Brent futures could cap at $70/barrel during peak summer season. 5. Analysts predict declining oil prices without major geopolitical events.