Commodity Trade Mantra

Posts Tagged ‘Iranian Economy’

$20 Oil Looms As Iran-Nuclear Deal Nears Deadline

Iran is a sleeping oil giant holding 9% of the world’s proven oil reserves & with an estimated 2m barrels per day of excess supply already sloshing around international markets, any increase in Iranian output could easily trigger a further rout in oil prices. OPEC may clamp down on this in June, but by then oil may already be selling for $20.

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook