Is It Too Late To Invest In The Oil Price Rally?

The oil market is currently going through one of the most turbulent periods since the infamous March 2020 collapse, as investors continue to grapple with recessionary fears. Oil prices have continued sliding in the wake of the central bank deciding to hike the interest rate by a record-high 75 basis points, with WTI futures for July settlement were quoted at $104.48/barrel on Wednesday's intraday session, down 4.8% on the day and 8.8% below last week's peak. Meanwhile, Brent crude futures for August settlement were trading 4% lower in Wednesday's…