"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...