The Iranian nuclear issue is likely to keep a floor under prices for a long time. Even though the Iran-United Nations standoff has not resulted in any actual disruption of oil flows either from Iran or the Gulf region, the fact that there is such a substantial amount of speculative investors in the oil market has kept prices hovering above USD 70 per barrel. "The Iranian situation is definitely keeping a floor on the price. It is not because of disruptions of supply or necessarily any rea...

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