themoneynarrative investing and petroleum industry commentary #2

Bloomberg Markets published an article yesterday morning (December 7, 2017) entitled Commodities Crumble Again as China Alarm Bells Sink Metals.  With respect to oil, the article had the following to say:

themoneynarrative oil price volatility commentary

Some themoneynarrative readers may be wondering why the price of oil took a sudden dip yesterday (November 14, 2017).  Here’s the explanation: The International Energy Agency (IEA) cut its 2017 and 2018 oil demand forecasts by 100,000 barrels per day in its latest monthly report, suggesting that achieving oil market balance with lower global