Volatility Has Returned To The Oil Market

The oil market has seen the return of volatility after the last two weeks. Forbes reported, “A 10 percent drop in the Dow Jones Industrial average was met by a 10 percent drop in the price for WTI, as a strengthening dollar, a jump in the U.S. rig count and the preliminary announcement by the …

Oil Dips Toward $60 Per Barrel

This is shaping up to be the worst week for oil in about a year, concerning investors already worried about an over grown supply in the U.S. Bloomberg reports, “Futures traded in New York are on track to post a 7.8 percent slump this week as equities tumbled around the world. Adding to the alarm …