Why Saudis Could Let Crude Oil Drop to $25

March 31, 2015 3:12 AM

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Why Saudis Could Let Crude Oil Drop to $25

Weak demand, surplus supply hurt Saudi producers but falling oil prices deal a bigger blow for Tehran.

Today stands to be a momentous day for oil. It is, after all, the self-imposed deadline for sealing a deal between Iran and six big powers -- Britain, China, France, Germany, Russia and the United States – that would ease the crippling economic sanctions on Iran in exchange for putting the kibosh on...

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