Commodity Trade Mantra

Posts Tagged ‘US Shale Market’

OPEC Pressure on Global Oil Market Continues

The rig count in the Middle East continues to climb, hitting a new record in Feb. This is a clear indication that OPEC has NO intentions of easing up on their overproduction of oil anytime soon. OPEC has two targets in this campaign & the effectiveness of its strategy cannot be denied. WTI Crude is once again below the $50 mark.

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