Oil prices have been on quite the roller coaster over the past two months, plunging from a pandemic-era high of US$75.25 per barrel in early July to US$62.32 in mid-August back to around US$68.50 on Thursday. In late June, I highlighted some of the fundamental weaknesses that I thought were being obscured by oil’s steep …

The post Hot money drove short-lived oil rally that crashed in July — crude’s now poised to go higher first appeared on Hellenic Shipping News Worldwide. Source