Energy OverView August 15, 2014

Oil prices plunged, yesterday, with the weakening demand outlook and rising production too much for market participants to handle. WTI prices fell to nearly $95 per barrel and Brent touched $102. (Editor’s note: we had a typo yesterday, which should have shown WTI hovering around $97 per barrel, not $94.) The poor GDP readings from Europe, especially the negative readings in Germany and Italy…