07.01.2016 - New round of Opec wars sees oil price crash towards $34
Iran and Saudi Arabia's escalating conflict makes the possibility of Opec regaining control of the world markets all but impossible, say traders. Oil prices slumped to below $35-a-barrel for the first time in over a decade as a new round Opec warfare and the world's record supply glut weighed on traders. The price of brent crude, the world's benchmark, fell by as much as 5pc to $34.27 on Wednesday, hitting lows not seen since 2004...............................................Full Article: Source
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