Pessimism about the strength of the oil market recovery and concerns over the consequences of the so-called Brexit strategy dragged oil prices lower Wednesday. Short-term supply disruptions triggered by wildfires in Canada and rebel attacks on oil installations in Nigeria, a member of the Organization of Petroleum Exporting Countries, weighed on market dynamics as demand for petroleum products spiked in part because of lower fuel costs. With markets already balancing on the back of modest global economic growth, the price for crude oil last week topped $50 per barrel for the first time in nearly a year. A survey from Goldman Sachs described the recovery, however, as […]