Oil Markets Are Close To Regaining Stability : Saudi Crown Prince

2 hours ago, Harsh vardhan singh said:

So, can we see stable oil Market in coming months or it is just the calm before the storm?

Calm before the storm. They got their eyes on US Shale production. 

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Not many would have predicted such a quick return to $70 oil, I was expecting it to go closer to $55. The Saudi/Iran and the USA/Iran subjects have thrown a spanner in the works with regards to futures. Where it goes from here is anyone's guess, hopefully US shale doesn't ramp up and drive price down but with the decline rates worsening from producing wells hopefully they make the same mistakes of the past. $70 oil is good for everyone, but the fear that this could drop to $40 again is worrying if over supply becomes an issue again.

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