Energy and commodity spike set to continue as oil rebounds 100%

Oil climbs to eight-month high as increased consumption forecasts drive crude towards $72

The performance spike in energy and commodity funds looks set to continue as the recent oil price surge powers past 100%. Oil climbed to an eight-month high last week, with increased consumption forecasts driving Brent crude to within touching distance of $72, from lows of $30 about four months ago. According to Bespoke Investment Group, oil has now rallied 108% over the last 118 calendar days, the sixth-strongest bull market since daily pricing began in 1986. After suffering significant falls during 2008, many specialist commodity and energy funds are sharing in the sharp rise of oil...