Prices Hit 11-Year Lows With No Sign Of A Reprieve

...Oil prices are testing lows not hit since early 2004. Amid increasingly bullish signs that Iranian output will ramp up sooner rather than later, a market rebalance may have to wait to 2017. The IEA, in its 11 December oil market report, revises down its ‘call on Opec’ forecast for the fo...