
Even though the price of oil has settled around $60, which represents a 14% gain since the beginning of the year, it hasn’t budged from this mark in the past month. Holders of shares of The United States Oil ETF (USO),…
Today, the IEA – International Energy Agency published its monthly report on the global oil market for August 2011. During August, OPEC’s oil production slightly inclined by nearly 165 k bbl/d to 30.26 million bbl/d compared with July’s average oil…