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Oil Prices Running Out Of Reasons To Rally

Green Car Congress

It’s a good time to do maintenance on oil fields during production cuts,” Al-Fezaia said, noting that Kuwait will lower output from 2.89 The OPEC deal clearly fueled a huge speculative rush in rising oil prices, which, not coincidentally, corresponded with real gains in crude prices. mb/d in December to 2.7 mb/d by the end of January.