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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price rallying, but for how long?

Posted on 08 March 2016

Last month’s agreement for major suppliers to freeze levels of oil output has given the price of crude a boost but the rally is unlikely to be sustained because the state of the global economy cannot easily be reconciled with higher energy prices.
A global mismatch between supply and demand remains, geopolitical differences between some major oil producers are unresolved and, arguably, the world may not actually be able to afford much more for a barrel………………………………………..Full Article: Source


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