This week was mostly watching global markets rise and fall in tandem to crude oil prices. This was especially the case in the United States. Record high inventories, the result of a world output exceeding demand by over 1 million barrels a day, should of kept prices moving downward or at least stable. Instead prices fluctuated wildly, on rumors and pronouncements on possible production cuts. Instability in the energy markets have brought WTI (West Texas Intermediate) American priced oil, back above $32.00 […]
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