ZOID RESEARCH 14-OCT-2014 : CRUDE OIL

WTI oil prices traded lower yesterday as indications Saudi Arabia is comfortable with lower oil prices weighed. Oil prices sold off after Saudi Arabia privately told oil market participants that it is ready to accept oil prices below $90 per barrel, and perhaps down to $80, for an extended period. Saudi Arabia is the largest exporter among OPEC members and produces approximately 10 million barrels of oil a day.

Try once at www.zoidresearch.com or contact us @ 9039073611