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Crude Oil

Crude Oil Future

If we consider any other factor we will say that the world is moving faster but when it comes to economy its quite the opposite.Almost everything regarding economy is either at stand still or moving too slowly.
So, oil the driving component or a the most valuable commodity on earth is been the talk of the world recently with Saudia Arabia being the most powerfull OPEC member and one the largest oil producer recently announced the IPO of its jewel ARAMCO which is valued around 1.5 to 2 trillion dollars.
The kingdom plans to give 2% stake to shareholder for IPO. 
So what it will mean to the international prices of oil, well the kingdom wants the prices higher and they anything to achieve that but the economic woes will undermine any effort by the kingdom or the cartel as the world economy is too much caught up between rising economic worries and trade deal ups and downs between china.
So in my view the potential of prices going down is more likely.

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