06.01.2016 - Saudi Arabia-Iran conflict will crush oil prices further
Rising tensions in the Middle East typically trigger a knee-jerk increase in the price of oil. But these are not typical times for the oil market. With several factors already weighing on the price of oil, increasing frictions in this historically tumultuous region are poised to counter-intuitively exacerbate the negative outlook for oil. Analysts have a plethora of reasons to support the consensus view that oil will remain low for the foreseeable future — the slowing Chinese and stagnant European economies, Saudi Arabia's reduced public subsidies, the impending resumption of Iranian exports, and the recent repeal of the U.S. export ban, just to name a few...............................................Full Article: Source
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