The mercurial nature of the oil market has flipped the mood in the past two weeks from hysterical expectations of severely reduced supply from Iran to concerns over the pace of global economic and oil demand growth. Trade wars, weakening emerging markets and currencies, and the strengthening U.S. dollar began to overshadow market fears that OPEC leader Saudi Arabia, non-OPEC leader Russia, and their partners in the production cut deal may not be able to offset the loss of Iranian barrels and continuously falling production in Venezuela. Then the market had to digest the latest geopolitical flare-up with the killing of a Saudi journalist critical of the Kingdom, the international outcry over the incident, and an initial veiled Saudi threat that it could retaliate to any potential sanctions over the death of Jamal Khashoggi. Saudi Arabia admitted late last week that the journalist was killed in what it described […]