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There are some good news on oil in CNBC this Saturday. Saudi...

  1. g12m0
    1,632 Posts.
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    05/09/15
    17:29
    Post #: 15941799
    There are some good news on oil in CNBC this Saturday. Saudi Arabia believes oil price will eventually rebound. And Iran will have to comply first before oil sanctions are lifted. Could be end of 2nd quarter 2016 before Iran can comply. Likely to be less than half million BoE increase.

    This is assuming congress does not find a way to delay this Iran nuclear deal.
    DLS Price at posting: 54.5¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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