political past week can be considered “oil”: the Copenhagen summit, as expected, ended with almost anything, but around the “oil” countries seething passion.

This, first of all, talking about Iran last week to remind everyone how much of its action depends on the conjuncture of the oil market. On Wednesday, Iran announced successful trials of a new medium-range missiles. Some observers have suggested that this was a kind of “Tehran”s response” to the prospect of an energy blockade of the country since before the U.S. House of Representatives approved a bill imposing sanctions against companies investing in Iran”s energy sector for more than 20 million dollars. On Friday, the oil market was waiting for more “shock”. Oil prices during the day jumped 2.8% after the news of the invasion of Iranian tanks on the territory of Iraq and the capture of one of the frontier of oil wells. Great Leap prices prevented the likely reaction of many world politicians, deny outright the possibility of any serious conflict between Iran and Iraq. The situation is really resolved fairly quickly, and the next day the Iranian military have left the disputed border territory, and the states themselves have decided to resolve all conflicts through a specially established bilateral intergovernmental commission. In favor of a peaceful outcome to the conflict is the fact that it is now the head of Iraq is a Shiite government, supported by Tehran.

 However, quite a rapid resolution of the controversial situation has failed to fully address the concerns of experts. The conflict between two of the three largest oil-exporting countries in the Persian Gulf that occurred to the same pre-summit of OPEC, which was attended by both sides, left many questions. The problem of the Iranian-Iraqi border areas has not been removed, as is possible, and further aggravation of the situation around the Iranian nuclear dossier. Either way, recent events have shown the extent of the oil market depends on political factors, and particularly on the actions of Tehran.

Persian Gulf was the center and other political news of the week: a union of countries of the Cooperation Council of Arab Gulf states, closed a regional organization established in 1981, announced the creation in 2010, monetary union, an agreement was signed on 30 th Meeting of the Union held in Qatar. The single currency agreed to move Saudi Arabia, Bahrain, Qatar and Kuwait. United Arab Emirates and the Sultanate of Oman until the entry into the Union abstained. The name of the new currency and the exact timing of transition to it is not yet known, the experts also emphasize that the participating countries, as a minimum, you must advance to the revaluation of their currencies against the dollar.

And, finally, “Oil News” finished going through today in Angola last in this year meeting of OPEC countries. As expected, the organization said the preservation of production quotas at the same level, 24.845 million barrels a day. Oil prices have responded to OPEC”s decision slight decrease in the region of 0,5%, as reported by Bloomberg News. According to experts, OPEC”s decision to finally consolidate the level of $ 70 as the lower grades “comfortable” price of oil. Themselves members of the Organization price of 70-80 dollars per barrel is called the “ideal”.

next week is expected to:

Latin America: Brazil, waiting to improve, rally returns
United States: the clouds dissipate, investors are set up on the Christmas weekend
Europe: growth in spite of macroeconomic indicators
Technical analysis for gold index fund SPDR Gold Trust
Asia: cheaper yen encouraged by Japan, China introduced its poison in the honey
Latin America: mixed dynamics with a neutral background newsletter
United States: in the absence of market news bidders listened to expert advice
Europe: the beginning of the week in green
Asia: depressing news background is not made of the rally