Oil Prices Running Out Of Reasons To Rally
Green Car Congress
JANUARY 13, 2017
Indeed, in the most recent week for which data is available, net-long positions declined a bit, raising the possibility that bullish bets have peaked. All it will take is a bit of bearish news to spark a downturn in prices. Moreover, Nigeria—which, like Libya, is exempt from the OPEC deal—is intent on restoring production.
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