Oil Prices Running Out Of Reasons To Rally
Green Car Congress
JANUARY 13, 2017
The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. On top of that, Kuwait’s envoy to OPEC said that Qatar, Kuwait and Oman were also complying with the cuts. That bodes well for a narrowing supply surplus—and ultimately a deficit—as well as falling inventories.
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