GREY:PRBEQ - Post by User
Post by
Roverthingon Jan 09, 2016 8:24pm
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Post# 24443976
Crude oil industry is not out of wood yet.....
Crude oil industry is not out of wood yet.....This year, Saudi Arabia has a new goal and is still very well determined to continue to pump crude oil as much as they can in order to keep the price very low and consequently give hard time to Iran to develop its own oil industry. Unfortunately, this kind of war in the crude oil market might last many months more and the price could continue to drop much more. Few months ago, they were talking about crude oil at a possible price of 20$ per barrel and not much people believed it, but now the price continues to decrease and is getting closer and closer every week and 20$ is more likely to be reached. GLTA IMO