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OTCRIDER

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Monday, 10/05/2015 11:53:36 PM

Monday, October 05, 2015 11:53:36 PM

Post# of 41155
Russia bombing in Syria escalates oil price war with Saudi Arabia


...The collapse in oil prices, which has been engineered by America’s major allies in the region – Saudi Arabia, the United Arab Emirates, Qatar and Kuwait – is crippling the Russian economy...

With oil markets oversupplied by at least 2m barrels per day (bpd) and neither Russia nor Saudi Arabia willing to cut back on production, Mr Putin’s intervention in Syria is an attempt to turn the tables on the American-led strategy to bankrupt Moscow...


http://www.telegraph.co.uk/finance/commodities/11911194/Russia-bombing-in-Syria-escalates-oil-price-war-with-Saudi.html
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