The oil market may look crazy, but, really just take a deep breath, keep calm and carry on. Oil’s sharp rise of 12% so far today — the biggest one-day run in 7 years — isn’t a sign it is going back to $100 a barrel any time soon, or even $40. Nothing has really changed among the slate of factors that caused it to dive more than 70% since June 2014. It was just three days ago the International Energy Agency said oversupply is getting worse, not better . And U.S. government analysts agreed, saying the glut would keep prices below $40 a barrel through August. It was just two days ago that the Organization of the Petroleum Exporting Countries cut its forecasts for global oil-demand growth. And then reported its biggest producers increased production last month anyway. And it was just a day ago than an Iranian […]