OIL INVENTORIES, OUTPUT, AND PRICES DROP. NO WORRIES, PRICES WILL GO UP!
Crude oil prices just dropped for the fourth week in a row. Saudi Arabia reduced supplies after two of its oil tankers were hit by rebel fire in the Gulf of Aden. Russia said that OPEC (of which Russia is not a member) has “fully hedged” potential exposure to U.S. sanctions on Iran. So, it