Oil needs to fall further this week?

Gold price falls seem to presage further oil price falls...

Reasons abound:

• The return of Iran, 
• the oil glut:  
• record inventories in OECD
• the geo-political moves by Saudi Arabia, 
• The over production by Nigeria,
• fear of slowing growth in Asia
• the Chinese stock market now propped by state intervention.
• the difficulties in a second stimulus in over-extended China
• the probability of European weaknesses despite a hammered Greece,

This blog offers no investment advice.  The views expressed are without any risk or responsibility