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Comments by "" (@theylied1776) on "Oil rebounds from bear market territory" video.
Without a doubt, China is the largest growing Oil consumer on the planet but yet Oil prices have been dropping like a stone since the summer? Let me see, China is still consuming Oil at record rates so the per-barrel price should have gone up by at least 3%... oh, that's right, China signed a pennies on the Dollar deal for Iranian Oil after Chump, I mean, Trump backed out of the Iranian Treaty. Now there's an oversupply because China no longer needs large quantities from OPEC.
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@robertconklin3850 They all ramped up their Oil production in anticipation of and to offset the loss of Iranian Oil on the commodities market due to new sanctions on Iran by the Trump administration. But the Chinese disrupted OPEC and Oil Commodities by making a deal with Iran to buy Iranian oil for pennies on the dollar. They made a fool of trump by driving down oil prices.
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