Two Countries Could Push Oil Over $50

Oil has been struggling to break above $50 per barrel for
months, but there are two reasons why prices could be heading north
in the next few months: Venezuela and Iran. Both countries are
large oil producers, but both are vulnerable to supply outages, for
very different reasons. But depending on what plays out in the next
few weeks for them, oil prices could spike well above $50 per
barrel, according to RBC Capital Markets. The risk from Venezuela
is more acute and more immediate. The Venezuelan economy has been
broken for a long time now, leading…

Oil has been struggling to break above $50 per barrel for
months, but there are two reasons why prices could be heading north
in the next few months: Venezuela and Iran. Both countries are
large oil producers, but both are vulnerable to supply outages, for
very different reasons. But depending on what plays out in the next
few weeks for them, oil prices could spike well above $50 per
barrel, according to RBC Capital Markets. The risk from Venezuela
is more acute and more immediate. The Venezuelan economy has been
broken for a long time now, leading…