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Oil prices slump further amid oversupply, weak demand
Oil prices have plunged more than 50 percent since June last year.
Oil prices have slumped even further to reach six-year lows, amid oversupplies by certain countries and a sluggish global economy.
The US benchmark West Texas Intermediate (WTI) for February delivery saw an 18-cent drop on Tuesday, selling at USD 45.89 per barrel on the New York Mercantile Exchange.
It was the WTI’s lowest close since...
US Fires Nuclear Missiles As Saudi Secret Deal Backfires
An interesting Ministry of Foreign Affairs (MoFA) report circulating in the Kremlin today on Moscow’s agreement to follow the Organization of the Petroleum Exporting Countries (OPEC) decision not to cut oil output says this action was met by an Obama regime “temper tantrum” resulting in the launching of three US Submarine Launched Ballistic Missiles (SLBM) towards the Federations far eastern...
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