Analyst hype is possible $65 a barrel oil. Unrest in the middle east for the short time, especially with Saudi Arabia launching their military. Could be as many of the productive wells globally have come to a crawl from the glut. China still has a large thirst for oil.
Saudi Arabia also needs to fund their military machine now that they made it active. Higher oil per barrel would benefit them on the short term. Not looking at their long term presently.
$65 oil? Not really an unimaginable estimate though.
How many would like to see Saudi Arabia oil dismantled?
Besides the consumers enjoying the low prices. There is another side called big oil money that would like to see the opposite. Not only terrorist groups, but members of OPEC, and other global groups all have a keen interest in disrupting Saudi Arabian oil production.
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