Oil prices are middling, again, after reclaiming yesterday’s initial losses. It was a volatile day across-the-markets, and the currency fluctuations seems to push oil prices higher. Concerns over the stability of Turkey also played a role. The market seemed to ignore the downward demand forecasts from OPEC and the EIA, which has now been echoed by the IEA. The IEA also made a point of noting an increase in global production, and a “steep” rise in Saudi…
Energy Overview — TotalView™ of the Energy Markets