Glut Keeps Oil Prices in Check as Turmoil Shakes the Middle East
- Oil prices drop despite rising tension in the Middle East
- OPEC has the most spare production capacity in four years
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Qatar and Saudi Arabia square off in a major diplomatic feud. Suicide bombers strike at the heart of the Iranian capital. Kurdistan moves toward independence, and war rages on in Syria and Yemen.
And in the oil market? Prices just kept sliding.