Oil prices seemed to have leveled off after seven consecutive weeks of weekly declines, the longest streak in years. But the next steps are unclear. In the battle over the market narrative, concerns about the health of the global economy are up against the potential for serious supply outages in Iran. A lot could change by the end of this year, but as the summer draws to a close, it isn’t clear which narrative will win out. The fears about the global economy have moved to the front burner in recent weeks. The trade war between the U.S. and China still threatens to drag down global growth, although the news that the U.S. and China will resume talks this week for the first time since June seemed to buoy the markets. But the talks will be conducted at a lower level – the U.S. point person is an undersecretary […]