The price of oil, more than just the US and Saudi Arabia forcing it lower as they hope to punish Russia? I think there is more and the weak price of oil signals that the global economy may be much weaker than expected.
Oil may just keep dropping and the Saudis seem in no rush to intervine in the market.
I think the Saudis learned from their mistakes a few decades ago when they did slash production. It costs a lot to slash it and it costs a lot to increase it is. I think they did the math and since they are able to endure a low price in oil much longer than others they are happily scoring some points in Washington as well. I think at some point it will bite and they will suffer. Mistakes need to be paid for and the economy/markets will demand payment sooner or later.
oil markets have been so down, that no body has predicted. and still the picture is no clear it is trading in a tight range.
It is Santa’s present to all the hard working folks out there this Christmas.
Right, who is complaining about petrol price falling.