Crude oil prices moved deep into negative territory in early Thursday trading amid expectations of a consensus agreement from OPEC on future production. The International Energy Agency has said the oil market is close to even in terms of the balance between supply and demand. Oversupply during the middle of the decade helped push crude oil prices below $30 per barrel, handicapping the economies of oil-rich countries and dragging on investments in the energy sector. That balance, however, amplifies the market impact of things like lingering supply shortages from Venezuela, outages attributed to violence in Libya and the possible loss of Iranian barrels to U.S. sanctions. An oversupplied market has more tolerance for shocks. Giovanni Stauvano, a […]