Energy OverView August 18, 2014

Oil prices took a vicious turn back higher on Friday as headlines out of Ukraine seemed to stoke a flight to quality that spilled over into oil. Oil prices had posted some hefty losses, so the snapback had the look of a bull trap. Prices have pulled back, again, this morning, on an easing of the very Ukraine situation that stoked prices on Friday. Russia is claiming that “certain progress” has been made at talks…