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Oil to tighten up

THE Energy Information Administration expects global oil markets will tighten next quarter then loosen through next year after what other analysts called “a week to forget” for Russia as US tightens the screws in geopolitical tensions between the oil producing giants - and oil fell again.

Oil to tighten up

US crude oil settled another 0.6% lower overnight to $44.46/bbl after plunging 3.7% the day before. Stockpiles fell week-over-week to 10.6% below last year's level, but they remain 9.2% above the...

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