Iran warns of a "price war" following a Saudi pledge to raise oil production as government...

|By:, SA News Editor
Iran warns of a "price war" following a Saudi pledge to raise oil production as government stockpiles hit the market. Markets are yawning at both the Saudi pledge and the SPR release, sending WTI oil (USO) back near the $100 mark, and Brent crude (BNO) back towards $120.