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Thursday, May 4, 2017

New lows: Oil doesn’t care about OPEC anymore

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oil-dafds.png

WTI nears $46.00
The brief, almost imperceptible, bounce in oil prices on talk of a quota extension has evaporated and oil has taken another tumble lower.
The market has shrugged its shoulders at OPEC and decided that quotas aren’t enough to outweigh shale and Libya.

May 04, 2017 at 08:40PM

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from Adam Button

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