Islamic State’s Ultimate Goal: Saudi Arabia’s Oil Wells

[par_putt]

Is this part of the slide in the cost of brent crude.
ISSL can sell oil for what ever they can get for it when they have a no cost well.

[dan_s]

No. ISIL sells very little oil today. Any move to take on Saudi Arabia will send oil prices a lot higher.

Dip in Brent below 100 is due to weak European demand and strong dollar.