According to CNBC , most analysts believe the market is nearing the top, and since the general sentiment is that the worst is over for the global economy, Brent isn't expected to rise much higher.
U.S. inventories have been on the rise recently, suggesting that the world's number one oil consumer is nearing oversupply.
The eurozone's economy has played a major role in reassuring investors that global demand will pick up. The region has effectively turned a corner in its economic crisis and has begun to rebuild.
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