Slippery Oil Price (2)

Another reason for the drop in oil price could be that the powers that are in control want to punish the government of Iran. The first step was the hike in the oil price up to $147 a barrel. They also made it look that this high price was because of supply and demand and as a result they made it look that the price should remain high. This made Iran increase it spendings. The second step would then be to bring the oil price down to $60 a barrel. This will create economic havoc in Iran, as this article shows.

I do not believe that the oil price is a result of supply and demand. The supply side has dropped a bit in the past few months and the demand side is has dropped a bit as well, so the equilibrium between supply and demand is not affected. To me, it looks more and more as if the oil price is manipulated.

Zaaf