As the Summer comes to a close, the oil market is expected to enter a period of slower demand before the holiday season hits. While it is usually an uneventful time of year for crude, this Autumn may define the oil outlook for many months to come, depending on how the industry decides to handle inventories in the US and OPEC that have fallen to their lowest levels in years. Additionally, sanctions on Iranian oil loom large as export capacity is already beginning to suffer, straining relationships between key OPEC members, and exacerbating other production declines across the cartel . . .

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