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Is US controlling the oil prices? - IB Times
There is consensus in the oil market that it is the increasing US output that is leading to a glut. That brings us to a question - Is US controlling the oil prices?
Gaurav Sharma, Business Editor and Oil Analyst at IB Times UK says US is controlling via the private enterprise and like OPEC members it can’t make a coordinated effort to control or move prices.
Sharma says the real problem child is Russia - Watch the full segment for details
Key quotes
US is a buffer producer, Saudi is still a swing producer
Need Saudis to make up their mind (markets confused by the mixed sound bites)
markets#commodities#energies#trading#USD#macro#fundamentals#oil#US#Russia#Saudi#OPEC#non-OPEC
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By TipTV BusinessThere is consensus in the oil market that it is the increasing US output that is leading to a glut. That brings us to a question - Is US controlling the oil prices?
Gaurav Sharma, Business Editor and Oil Analyst at IB Times UK says US is controlling via the private enterprise and like OPEC members it can’t make a coordinated effort to control or move prices.
Sharma says the real problem child is Russia - Watch the full segment for details
Key quotes
US is a buffer producer, Saudi is still a swing producer
Need Saudis to make up their mind (markets confused by the mixed sound bites)
markets#commodities#energies#trading#USD#macro#fundamentals#oil#US#Russia#Saudi#OPEC#non-OPEC