Is The Oil Implosion Supply Or Demand Driven? Here Is The Very Simple Answer, Thanks To Saudi Arabia

Thursday, December 18, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/18/2014

There has been much debate whether the crude price implosion has been due to excess supply or not enough demand. Here, courtesy of the oil minister at the world’s largest crude supplier, is the answer:

NAIMI SAYS DEMAND FOR OIL SLOWED MORE THAN EXPECTED: SPA
NAIMI SAYS GLOBAL ECONOMY SLOWDOWN LARGELY BEHIND MKT PROBLEM

Which, of course, to anyone with even the most rudiemntary logic and charting skills, should not come as any surprise.

The Rest…HERE

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