Vehicles pack a main road during rush hour in Beijing. China, which overtook the U.S. in late 2010 as the world's largest oil importer, has the single biggest influence on global demand for fuels. (AP Photo/Alexander F. Yuan)

The Oil Siege Is Over, “The Cartel” Looks East

Oil prices are rising. The low oil spell that started in 2014 has concluded. This sudden rally, like its sudden decline, is not accidental.