The MacroTourist

The MacroTourist

Rioting in the streets is not bearish for crude

Kevin Muir's avatar
Kevin Muir
Jan 08, 2016
∙ Paid
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I understand why the increased tensions between Saudi Arabia and Iran could be interpreted bearishly for oil. There can be no doubt Saudi Arabia is using low oil prices to inflict damage on their neighbor across the gulf. Taking this logic further, as the relationship between the two countries breaks down, it only increases the possibility Saudi Arabia …

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