Energy OverView August 14, 2014

One could get the idea that oil prices are plunging, but WTI prices have been basically treading water around $94. Brent prices have slid a bit more, trading below $104 at times. Of course, both commodities have fallen almost 10% from their highs in June. The growing supply and slack demand have combined to force prices lower, even as support comes into the market from various geopolitical issues.