06.07.2016 - Oil price rally is over for 2016, says Vitol boss
The six-month rally in global oil markets could grind to a halt at a price of $50 a barrel as a string of recent production outages comes to an end, according to the world's biggest independent oil trading house. Vitol’s chief executive Ian Taylor said the market may stall at the $50 mark for the rest of the year after a quicker-than-expected recovery, before creeping slowly up to around $60 by the end of next year...............................................Full Article: Source
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