WTI prices spiked higher, yesterday, on several positive elements. The Iran nuclear deal is the latest political football, in both the US and Iran, where hardliners in both countries want nothing to do with each other’s country. Oil prices fell ahead of the deal, on hopes that lowered tensions and even more oil would work to lower prices.… Read more
Energy OverView April 2, 2015
WTI prices continue to fluctuate with gusto, reacting to the ups and downs of the Iran nuclear talks, among other items. Negotiators in Switzerland have effectively stopped the clock, and they continue to negotiate, which is being taken as a good sign for now.… Read more
Energy OverView April 1, 2015
WTI oil prices have rebounded this morning, after testing $47 in overnight trading. The recent downward pressure has occurred as a result of enthusiasm and hope for a nuclear deal with Iran. The hopes appear increasingly dashed this morning. The French foreign minister has left the confab, saying he will return, “if, necessary.”… Read more