Peak oil notes – Feb 28

A midweek update…New York oil traded in a narrow range around $93 a barrel this week, closing a touch higher on Wednesday on better news about the US economy. Brent continued last week’s plunge closing on Wednesday at $111.89 a barrel, down $6 a barrel in the last 10 days. The indecisive Italian elections and the renewed nuclear talks with Iran were the main factors behind Brent’s plunge.