Weaken Russia economically - US and Allies : Russia produces more oil to induce stability
Kill US shale oil - Gulf countries - Gulf countries do not cut and allow oil to drift lower till US shale oil producers hit hard.
De-stabilise Gulf oil - Produce more US Shale oil by US.
More oil, very weak demand.
I am more interested to see how this battle spans out and what would be the trading range.
Sustained increased production may see oil bottom at 39 US $.
Intelligent manipulation can see oil at its high of 61 US $.
Any new war or China growth with little assistance from Europe growth can see
oil prices climbing.
Kill US shale oil - Gulf countries - Gulf countries do not cut and allow oil to drift lower till US shale oil producers hit hard.
De-stabilise Gulf oil - Produce more US Shale oil by US.
More oil, very weak demand.
I am more interested to see how this battle spans out and what would be the trading range.
Sustained increased production may see oil bottom at 39 US $.
Intelligent manipulation can see oil at its high of 61 US $.
Any new war or China growth with little assistance from Europe growth can see
oil prices climbing.
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