WTI oil prices have fluctuated wildly this week, surging above $51, at one point, before falling back below $45. Option expiration and short-covering helped to produce the spike, while unchanged underlying market conditions undermined the rebound. The IEA is out with its latest forecast, and there is something of a hopeful analysis. They do not pick a floor or bottom for the current market dismay, but see the tide turning…
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