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Oversupply is "biggest threat" to Oil market – Iran OPEC official

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Iran OPEC official crossed the wires via Reuters last hours and noted, “countries that raised Oil production when sanctions on Iran were imposed should cut output to stabilise market.”

    The OPEC official also added, “Iran-Saudi Arabia diplomatic tension's impact on Oil market is short term, oversupply is "biggest threat."
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