Crude market volatility has soared in the second half of 2018, with prices touching a four year high before entering their longest losing streak in three decades. Analysts were calling for $100 oil but now seem to think prices will head as low as $40 . While inventory build-ups and oil traders continue to impact prices in short term, it is the KSA’s (Kingdom of Saudi Arabia) actions in December, a potential hike in U.S. interest rates and a rumbling trade war between China and the U.S. that will really move the market. Between them, these three factors have the potential to drive oil prices in the $40s. Saudi Arabia With fears of a supply glut growing, the oil market is waiting to see if the KSA is going to lead a production cut at the next OPEC meeting. It appears that Saudi Arabia and its allies have gone […]