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Post# of 17751
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hebercreeper

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hebercreeper

Re: value1008 post# 16386

Wednesday, 10/08/2014 6:33:40 PM

Wednesday, October 08, 2014 6:33:40 PM

Post# of 17751
Recent Saudi production cuts more than offset by Libya and Nigeria increase.

Saudi price cuts a result of other OPEC players unwillingness to cooperate with production cuts.

Given slowing global growth, I see supply/demand as the biggest factor. When mentioning this elsewhere, I have been told plunging oil is a US/Saudi conspiracy to take out the Russian economy. I prefer the supply/demand explanation.
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