A post-settlement report of a pipeline fire in Saudi Arabia drove prices to levels not seen since last Spring. Official denial from the Saudis sparked a reversal of almost $2.00 before the electronic session concluded for the day. While the report should have been greeted more skeptically, considering it emanated from Iranian media, the subsequent “rugby scrum” of trading activity does demonstrate with brutal clarity…
Energy Overview — TotalView™ of the Energy Markets