Oil has reached a ceiling

Stocks may be having a hard time of it this year, but oil is faring better.

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Producers will continue to pump despite Opec quotas
(Image credit: baona)

While equities slid, oil had a successful first quarter, gaining around 5% and eclipsing $70 a barrel, a three-year high. Oil prices have now risen for three successive quarters for the first time since 2010. Production cuts agreed by oil exporters' cartel Opec and Russia have helped mop up much of the global glut, as have upward revisions to demand estimates.

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Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.