59$ is nice but it's unsure if this will last since it's geopolitically inspired. Oil should bottom out in the 2nd quarter so even if it drops back to 50$
Perhaps even further. Saudi Arabia's biggest weapon against Iran is oil prices If Iran can interrupt the Saudi oil flow, the price skyrockets, If the Saudi can squash the Yemen uprising quickly, They will flood the market with oil
I saw we will be fine too..my public service announcements are truthfilled,educated and just plain good
Saudi isn't so stupid to flood the market with oil...idiotic people aren't within their decision making like that...lololzzzzzzzz!! also nowhere did they hint it would happen