The volatility of the oil price could recur as market oversupply still lingers in the US, but a re-balance is on the horizon, "assuming nothing changes in supply and demand", according to the International Energy Agency (IEA).
In its latest oil market report, the Paris-based agency said that, while the price of oil has been stuck in a narrow range since the conclusion in mid-December of the Opec/non-Opec production accords, this could be only a temporary balancing act amid the recent sudden move downwards.
"The
