IEA, IEF and Opec probe role of markets in oil crash
Impact of US shale, speculation and bank commodity exits high on the agenda
The role of financial markets in the recent collapse of crude oil prices came under close scrutiny at a joint technical meeting of the International Energy Agency (IEA), International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries on March 30.
From a high of $115.06 a barrel (/bbl) on June 19 last year, front-month Brent North Sea crude oil futures crashed to below $50/bbl in January 2015. The front-month futures, which are traded at Atlanta-based Ice, stood at $55
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