Oil Industry About To Be Burned Again By Fall In Oil Prices
by Arthur Berman via OilPrice.com,
ZeroHedge.com
Jul 28, 2016
The current oil-price rally led many to believe that a full price recovery was underway. But inventories have been too large for that to happen short of epic supply interruptions. U.S. rig counts have surged as oil prices sink. Capital is driving the oil markets and it enables bad behavior by producers. That is why oil prices will stay low. The oil-price rally that began in February is over.
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