Oil prices fall as robust U.S. production counters OPEC’s constraint; Iran sanctions to kick in

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U.S. oil prices fell in Thursday action, as energy markets await potential next moves from OPEC as U.S. sanctions against Iran officially kick in and as a jump in domestic supplies, reflecting record U.S. crude production, continues to keep prices in check.

 

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Where ?

Sanctions, sanctions that's all we do. What a load of BULLSHIT. $60 a barrel? We're up to our ears in the stuff. The United States of America has absolutely no reason to fear Iran or Venezuela. But we've got to keep the leaches pacified.

Why is gas the highest since 2011 then

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Oil dips as U.S. output hits record, but global markets remain tightOil prices dipped on Thursday after data showed record U.S. crude oil production... Have the got a control over Venezuela’s oil reserves aswell? Love how Americans turned Canada into Canezula, Canada needs to shut tapes off to USA and sell to tight markets. Why is America exporting oil? The rest of the world can find it's own oil.
Source: Reuters - 🏆 2. / 97 Read more »