Speculation that nations are stockpiling oil at the fastest rate in 14 years is fanning...

|By:, SA News Editor

Speculation that nations are stockpiling oil at the fastest rate in 14 years is fanning expectations for Brent crude to drop below $100/barrel. “We will probably see more Iranian oil lifted or leaked while OPEC continues to produce more than is demanded," Citi's Ed Morse says. "If China remains sluggish, oil could drop to the low $90s and even fall into the $80s.”