Oil Prices Running Out Of Reasons To Rally
Green Car Congress
JANUARY 13, 2017
Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel. The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply.
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