Submitted by Arthur Berman via OilPrice.com, It is more likely that oil prices will fall below $50 per barrel than that they will continue to rise toward $70. Prices have increased beyond supply and demand fundamentals because of premature expectations about the effects of an OPEC production cut on oil inventories. Last week’s 13.8 million […]

via Why Sub $50 Oil Is More Likely Than $70 Oil — peoples trust toronto

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