Barrel Costs, page-82

Theres a strange set of circumstances all pointing at the Saudi / USA / IRan

Strangely the mid east is in chaos and there is a very very real danger strategic areas of Iraq will flal and remain in IS hands for many years... similarly its no secret the biggest funders of IS are the saudis...

We have Iran nuclear deadline on talks or sanctions on Nov 24th
Followed by OPEC meeting Nov 27th

Strangely despite Saudis actually needing stability in the region they are destablising it further with POO

And at the same time the USA is making statements about oversuply that dont necesarily reflect reality...

Iran who needs higher prices more then anyone is also stating they want the price lower (yeh right)

One has to wonder is this a short term deal between the US / Saudis to try to force Iran to negotiate

And is Iran firing back a message of lower prices just to spite them...

If so the truth will be revealled in late nov early Dec and if its been a game of cards, as many suspect it is...expect a possible sharp correction to the upside. Especially if Iraq or the Saudi border comes under any more threat from Is.

The spot price suggest its a game...the longer term futures say its likely some shenanigans