Oils Could Be in Contrarian Territory
Oil at the moment is on a slippery slope. Prices are at their lowest in months. In fact, they are dropping during the time of year they typically rise due to higher demand in the summer months.
Sanctions against Iran are restricting supplies, it is true, but at the same time Iraq is starting to become an important exporter for the first time in decades. The New York Times reports the Iraqi government has "a goal of producing 10 million barrels a day by 2017, which would put in a league with Saudi Arabia."...386 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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