Oil prices tumble 11% for biggest weekly drop in 7 weeks. Where is liquid gold headed from here?

On Friday, Brent crude futures for July, which expired on Friday, settled at $92.05 a barrel, down $1.66 or 1.8%. WTI crude futures closed at $87.36 a barrel, a decline of $1.54 or 1.7%. Earlier this month, Saudi Aramco Chief Executive Officer Amin Nasser warned that disruptions in the Strait of Hormuz could postpone stability…

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Orignal story from: India Times - Commodities