September 03 2021
ERRATIC – The oil market continues to be rattled by conflicting thoughts on where the oil market is headed. The price plunged, as can be seen above, when the International Energy Agency (IEA) warned that demand had slowed sharply as surging covid infections worldwide revived restrictions in many countries. But then Hurricane Ida shut down almost all production from wells in the Gulf of Mexico, prompting a sudden surge.
