Oil Prices Running Out Of Reasons To Rally
Green Car Congress
JANUARY 13, 2017
For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam. The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply.
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