For oil, the beginning of this week is like the morning hangover following a good night out that went a bit too far. For oil, the beginning of this week is like the morning hangover following a good night out that went a bit too far. That’s according to Rystad Energy’s head of oil markets, Bjornar Tonhaugen, who said the decline of oil prices this morning is a perfect example of how a good run of bullish news gets the market too far, with traders scrambling to correct price levels once the dust settles. “The end of last week was a great one for oil as the deal OPEC+ struck to only raise production by 0.5 million barrels per day instead of two million barrels per day from January relieved the market, which had been taken by surprise after a surprise deadlock earlier in the week,” Tonhaugen said in […]