14.05.2014 - Three Reasons Oil Prices Will Fall
The oil market has heated up the during the past several months as the price of oil remained above the $100 mark. It should cool down. Here are three reasons the price of oil should drop to the mid $90s. 1. OPEC oil production could start to rise: According to the recent Organization of Petroleum Exporting Countries' monthly report, OPEC oil production during March dropped by 626 thousands of barrels a day mainly because of lower production in Libya, Angola, Iraq and Saudi Arabia...............................................Full Article: Source
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