"The wild card in all of this remains certain members of the Organization of the Petroleum Exporting Countries, with Iran recently stating that it will oppose any bid to stabilize the oil market due to its conflict with Saudi Arabia."
that is, an Iranian POO d'État, with price held under water to weaken SA
the war in Syria is escalating and if SA invades, which would seem pretty silly after its army is in a stalemate with the Yememite Houthis, then oil fields could be set on fire, with a fall on the supply side.
does look like WW3 is much closer now...
LWP Price at posting:
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