The situation in the Middle East and oil prices
The situation in the Middle East and oil prices: in the Middle East supply anxiety to fly in the supply and demand is almost equilibrium, events that could affect the crude oil supply has occurred. In Iran, including the crude oil trade ban
No US economic sanctions are resurrected. Iraq is facing a number of challenges, including the reconstruction and ongoing oil field development. Under such circumstances, outlook increased production as a whole by the supply of crude oil in the United States of the increased production in excess of production cut of OPEC member countries, which demand will accelerate the pace of expansion against the background of the global boom, supply and demand is almost balanced. Coordinated production cuts by major oil-producing countries supported the downside to reduce crude oil inventories, pushing up crude oil prices anxiety supply in Venezuela and Iran, the future of oil prices is expected to rise trend continues. In addition, upside risk is increased in this bottle neck in US shale oil production increase, which is suppressing the upside until appeared.