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Commodities Briefing - Categorized | Oil, Price Watch more

Will soaring domestic production crush oil prices?

Posted on 27 January 2014

Oil prices face a number of headwinds as 2014 begins. One is the Federal Reserve tapering its stimulus programs, which has resulted in higher interest rates and a stronger U.S. dollar. Perhaps no bigger threat looms over oil prices than soaring oil production in the United States. The U.S. is on the brink of a true energy renaissance, thanks to huge amounts of resources that are suddenly viable as a result of rapid technological advancements.
The combination of higher interest rates and a domestic supply glut would likely be bearish for oil prices. That’s why investors should consider the possibility of a downside to the oil and gas boom in the United States………………………………………..Full Article: Source


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VRS - who has written 37608 posts on Opalesque Commodities Briefing.


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