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Obama's options to ease oil prices: Iran or a risky stock release

An oil price beneath $110 a barrel is no threat to the world’s economic growth, Opec’s secretary-general Abdalla El-Badri told Petroleum Economist after the group’s meeting in June.

An oil price beneath $110 a barrel is no threat to the world’s economic growth, Opec’s secretary-general Abdalla El-Badri told Petroleum Economist after the group’s meeting in June. Since then, the market has rallied. On 22 August, Brent was trading at around $113/b. Bullish sentiment is in command of the market and the global economy is wilting. As US gasoline prices inch up towards $4 a gallon, meanwhile, the soaring oil price is once again undermining President Obama’s re-election hopes. He has two shots to handle the threat to his presidency: a deal with Iran or a strategic stock release. Both are possible. But if he goes with the release it will have to be cleverly targeted and big eno

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