| The pendulum in the oil market has clearly swung in favour of the producers. Opec members have never pumped so much crude — ditto for Russia — but prices zoomed to a two-month high crossing $50 again.
There are a few forces at play here: demand in China and other Asian import stalwarts like Japan and South Korea is holding up, money is starting to flow back into emerging markets as investors look for a higher return on their money. And there is a wider belief Opec and non-Opec countries may actually do something at their informal meeting at the end of September...............................................Full Article: Source
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