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hebercreeper

10/08/14 6:33 PM

#16388 RE: value1008 #16386

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.