Fear and Loathing in the Oil Market

Crude Oil – perhaps the most political commodity – continued to stubbornly hover above the $60 per barrel level, despite a so called "oil glut" here in the US. The latest "fear factor" is the continued civil unrest in Nigeria. A protest by Nigerian youths at a pipeline facility halted shipment of 170,000 barrels per day according to Royal Dutch Shell. Read More....