Oil price broke below $27.50 key support area, but the Bulls are still on the market. Oil reached at $26.10 area with a very corrective and volatile manner.
Oil Breaks below the $31.50 area and it may continue to Decline Further. The price of Oil failed to sustain above $35 area
The 1973 Arab Oil Crisis made the history books as an event that forced the globe to change the way it did business and severely affected the world’s strongest economies.
The end of Saudi Arabia oil price war comes, as Saudi Energy Minister, Khalif al-Falih called for the oil price peace yesterday.