Credit: Shutterstock photoThe second half of last week was laden with volatility as the oil market reversed direction several times. The battle between the slowing global economy and thus potential for a further slowing of oil demand growth versus the potential impact of money printing from central banks around the global as well as the impact of the recent rash of refinery issues that has resulted in gasoline shortages in California accompanied by surging retail gasoline prices. Sprinkled over the aforementioned price battle line is the ever evolving geopolitical risk in and around the middle east in particular Iran's nuclear program.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
