January 24-2014
WHAT THE MARKET SAYS — The daily price of an OPEC barrel (above) has been remarkably stable for 11 straight days now, both before and after the announcement that the interim nuclear deal had been concluded. Many daily market commentators claimed the oil price dropped after the deal was concluded because of expectations the market would be flooded with oil. Duh. What we got instead was rare (and perhaps brief) stability.
