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NDP - Weekly Energy Recap: Assessing The Impact Of Sanctions Waivers For Buyers Of Iran's Oil
Tortoise Energy Independence Fund Inc.
Volatility heightened last week, which closed with prices at their lowest in almost a month, after hitting a six-month high a week ago.
Prices slumped after a buildup in US crude inventories by 10 million barrels, amid record-high US oil production to 12.3 million bpd.
That took the edge off earlier bullish market sentiment after expectations that the upcoming Iranian oil supply shortage would be filled by other OPEC producers.
Brent crude fell to $70.86 per barrel, while WTI fell to $61.94.
Asian refiners, the largest buyers of Iranian crude, have already begun asking other