JohnniePhenom

A $40 Bottom in Oil?

ps. the price of $100 for Iran and Venezuela is what they "need" to maintain their economy not "have to have." that's why Iran wanted to cut production by more than 2.5million barrels a day....as logicalthought mentioned above supply and demand play the largest roles, so in attempt to manipulate demand and stifle destruction they decrease supply, but we'll see how long demand at it's current levels.