Few people in the oil industry doubt that the fall in oil prices is politically motivated. The Saudis have turned on their oil taps to the maximum, encouraged by the USA, in order to punish the Russians for the Ukraine crisis.
By The Newsroom
Published 19th Nov 2014, 00:00 BST
Russia depends almost entirely on oil exports to fuel its economy. When Russia pulls back in Ukraine the oil price will return to around $100 per barrel. Simple.