| As Iran ramps up production, it will be countered by a decrease in activity in places where oil is more expensive to produce. The lifting of economic sanctions against Iran this past week is no reason for the oil markets to panic.
While the addition of somewhere between 500,000 and 1 million barrels of Iranian crude per day to an already oversupplied market may seem like the end of the world to those bullish on oil prices, the reality is far less dramatic...............................................Full Article: Source
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