Weekly Market Commentary - January 15, 2016
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This week ended on a bitter note as on top of an already fragile market perception of China came the news of an easing of sanctions against Iran which raised concerns about an increase in oil supplies in a market facing the lowest prices seen in more than a decade. Indeed, home to almost 10% of the world’s proven oil reserves, Iran’s exports could put further pressure on prices and it is that very concern that sent Brent crude to a new 12-year low on Friday helping to spur a global stock rout.