Energy OverView January 14, 2015

WTI oil prices made a new low for the epic move lower, but recovered, yesterday, as everyone new bottom seems to engage buyers the way every pot has a cover. It was another day of jawboning the market lower by Gulf OPEC members, as the UAE weighed in, along with Kuwait, on staying the destructive price course of over supplying the market. Today’s weekly inventory report should also be bearish for prices, as increases are expected across the several categories of crude oil and refined products. Yesterday, the EIA issued its short-term energy outlook…