A positive spin on oil's outlook - $78 the level to watch - ConsultFX

A positive spin on oil's outlook - $78 the level to watch

What will happen to oil if the Iran situation escalates ForexLive Despite a rise in oil production in mid-June from Saudi Arabia and Russia, Crude oil exports are expected to dip by 100,000 barrels per day next month according to some reports. These statements came from the Saudi side after last week's report that OPEC had increased production to monitor the