The crazy world of oil continues
Brent crude looks to have cemented itself in the $50 mark as the bullishness from last weeks oil news keeps going. That’s even with the Iranian State News Agency saying that Iran has increased their export capacity to 4mbpd, a figure they wanted to get back to once sanctions were lifted. They are not far off reaching that in production numbers as they are at roughly 3.8mbpd.
Brent crude still making gains on the back of the OPEC deal despite Iran hitting 4mbpd export capacity
