Ole Hansen on Oil

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Last quote by Ole Hansen on Oil

U.S. producers are not prepared or able to keep up production at any price. These developments have left OPEC with a window of opportunity. If successful, the price of Brent crude oil is likely to rally back towards $55 during the coming months before renewed weakness sets in as the focus turns to 2018 and the potential risk of additional barrels hitting the market if OPEC and Russia fail to extend the production cut deal beyond Q1 2018.feedback
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Aug 01 2017
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