Today was another volatile day in the energy markets. Oil initially rose as the dollar fell to a record low versus the euro of $1.6038, but then oil dropped back below $140 as more bad news about the US economy showed our demand may fall further. Brazilian production was reported to have returned toward normal levels, but Libya reported a 100,000 barrel per day reduction in its oil supply for almost a month due to maintenance needs. This amounts to twice as much as (more…)