Tiptv Business

There is consensus in the oil market that it is the increasing US output that is leading to a glut. That brings us to a question - Is US controlling the oil prices? Gaurav Sharma, Business Editor and Oil Analyst at IB Times UK says US is controlling via the private enterprise and like OPEC members it can’t make a coordinated effort to control or move prices. Sharma says the real problem child is Russia - Watch the full segment for details Key quotes US is a buffer producer, Saudi is still a swing producer Need Saudis to make up their mind (markets confused by the mixed sound bites) markets#commodities#energies#trading#USD#macro#fundamentals#oil#US#Russia#Saudi#OPEC#non-OPEC