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$67 Oil Has All The Majors Converging in Argentina

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Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. The FT reported that Argentina’s new energy minister, Juan Jos• Aranguren, was not fond of Galuccio. Article Source: [link].

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Opinion: The Current Oil Price Rally Is Reaching Its Limits

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The physical market could change as well with oil prices as high as they are—shale drilling could comeback with oil prices at $40 per barrel and above. Some areas of North Dakota have breakeven prices at around $20 to $25 per barrel. Article Source: [link]. It isn’t just a speculator’s game, however.