Is “Vive La France” The Rallying Cry That Gets Oil To $70? One Bank Thinks So

So the crude market has become something of a standing joke at this point. "Rebalancing" is always just around the corner. Until the next API/EIA print. "[Fill in your favorite OPEC member] is ready to support an extension of the production cuts." Until tomorrow's headline refutes today's news. And on, and on. Reality finally sunk in in early March (during CERAweek no less) and things briefly went to shit, but since then, the potent one-two punch of warmongering and a Tuesday lunchtime Riy