An attack on a military parade in the city of Ahvaz last weekend killed 25, sending tensions in the region soaring. A commodity expert has warned the deadly attack could also lead to an increase in oil prices, with relations soaring between rival states in the region. Helima Croft of […]
http://www.reuters.com/article/2015/02/15/mideast-markets-wrap-idUSL5N0VP0JB20150215 Reuters – A stronger oil price, bets on fourth-quarter results and dividends as well as positive news from local companies lifted most Gulf stock markets on Sunday. Oil closed higher for a second straight week on Friday after another drop in the U.S. rig count, with Brent crude […]
http://theeconomiccollapseblog.com/archives/get-ugly-oil-crashing-greece The price of oil collapsed by more than 8 percent on Wednesday, and a decision by the European Central Bank has Greece at the precipice of a complete and total financial meltdown. What a difference 24 hours can make. On Tuesday, things really seemed like they were […]
