Commodity Trade Mantra

Posts Tagged ‘OPEC Crude Oil’

Current Oil Price Rally Will Fizzle Out Say Analysts

All three of the energy bodies (IEA, U.S. EIA and OPEC) see the oil glut persisting into 2016, potentially taking another year for oil markets to balance out. And while all of them have some differences on where oil prices are heading in 2016, all of them seem to agree that there won’t be large price gains in the near-term.

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