Sector - Yep, good article. Like I've been saying all along, the Saudis would be foolish to focus this price war against the US. The U.S. is their chief security underwriter in the region. They'd be stupid to bite the hand that protects them. The Saudis are intent on paring back market share from every other producer who have been looking to capitalise on high oil prices.
I'm staying long on oil from here in the medium term. I won't be too perturbed by this latest episode.
Glad to see some rational words starting to make their way through the media.
Cheerio,
sw3
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