| OPEC made its position abundantly clear -- it won't reduce its output to artificially increase oil prices unless it's joined by other oil-producing nations. That's because it wants to maintain, if not increase, its control of the oil market. And it's willing to suffer through the short-term consequences of weak prices to be in the position to capture the long-term gain it sees up ahead.
That said, it's growing more worried that future oil prices could really skyrocket because of the growing potential for the current supply-demand imbalance to flip from oversupply to significant shortfall...............................................Full Article: Source
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