| Videos | Channels | Search |
Hansen: Oil prices tank as market anticipates Iranian supply
Oil prices have dropped below $30 on news that sanctions against Iran could be lifted early next week, which would add oil to an already oversupplied market, says Saxo Bank’s Ole Hansen.
He talks about the outlook for Iran’s oil production, how this may impact prices and explains why negative fundamentals are likely to remain the main driver.
01:23 minutes
Tags: analysis, bank, banking, brent, capital, commodities, commodity, crude, glut, group, hansen, iran, iranian, market, markets, news, oil, ole, oversupply, price, prices, production, report, reports, sanctions, saxo, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, strategies, strategist, strategy, supply, trade, trader, traders, trades, trading, tradingfloor, tradingfloor.com, tradingfloorcom, tv, update, wti