from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/traders-dump-oil-as-ties-between-saudi-and-iran-soured-2016010632063/
Traders Dump Oil as Ties between Saudi and Iran Soured
Crude oil prices resumed the decline in spite of intensified tensions between Saudi Arabia Iran. Traditionally, geopolitical tensions in the Middle East help lift oil prices amidst concerns over output disruption. With oversupply the dominant theme in the market nowadays, deteriorating ties between the 2 OPEC giants are seen as detrimental to any coordinated action (such as output cut) among cartel members.
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/traders-dump-oil-as-ties-between-saudi-and-iran-soured-2016010632063/
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/traders-dump-oil-as-ties-between-saudi-and-iran-soured-2016010632063/
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