The Single Biggest Factor In Oil This Week

Oil prices regained a bit of ground at the end of the week on optimism surrounding the Phase 1 U.S.-China trade deal. At the same time, China reported some downbeat economic data that points to a slowdown. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, January 17th, 2020 IEA: Oil market well-supplied. The global oil market dodged a bullet after the U.S. and Iran backed away from war, although geopolitical risk has not gone away. Nevertheless, non-OPEC…