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CNBC: After oil hits 13-month high, energy analyst warns prices may be ‘too frothy’

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CNBC reports:

Oil climbed Friday, surpassing the high set earlier this week and notching a fresh 13-month peak.

West Texas Intermediate crude hit $59.82 a barrel on Friday, its highest level since January 2020, a promising sign as the industry grapples with depressed demand during the coronavirus pandemic.

However, after a 23% rally so far this year, one top energy expert warns the commodity may have gotten ahead of itself.

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