IEA January Oil Market Report

Posted a little later in the month than usual, possibly due to the holiday rush, IEA released its January Oil Market Report today. The biggest news of the month has been the rise in oil prices with abnormally low temperatures globally and tensions in the Middle East serving as the stimulus. However, it is anticipated that medium- to long-term demand will continue to be more greatly impacted by the economic slowdown than weather or geopolitical concerns.