Unplanned Outages Added $15/Barrel to Oil Price (The Wall Street Journal, June 6, 2016)

WSJ reporter Nicole Friedman, in reference to our June 6 Notes at the Margin, notes that "energy economist Phil Verleger Jr. says the rise in oil prices from $35 to $50 a barrel in recent weeks 'seems entirely explained' by unplanned production outages in Canada, Nigeria and elsewhere." To read her blog on this, please click here.