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> Oil's been bearish for a remarkable length of time. Yes, and it's largely because of Saudi Arabia: "Saudi Arabia has maintained a high level of oil producti
by usefulcat 11y ago
> Oil's been bearish for a remarkable length of time.
Yes, and it's largely because of Saudi Arabia:
"Saudi Arabia has maintained a high level of oil production despite the slump in crude oil prices, arguing it needs to protect its market share in an economy in flux because of the glut of U.S. oil."
http://www.upi.com/Business_News/Energy-Industry/2015/07/13/Saudi-oil-production-at-new-high/5171436789895/ http://www.upi.com/Business_News/Energy-Industry/2015/07/13/...