GREY:SKNAF - Post by User
Post by
SIROUSLY777on Jul 22, 2014 10:10am
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Post# 22769024
OIL PRICES HAVE SPIKED due to turmoil in the Middle East
OIL PRICES HAVE SPIKED due to turmoil in the Middle East Iran produces about 4.25 million barrels of oil per day, for about 4.9% of the world oil supply.
Libya produces only 2% of the world's oil per day.
Like all markets, oil prices are driven by a normal supply and demand dynamic. If the supply of oil is disrupted, prices will rise. This company should sell for 9 cents a share in my thinking.