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2017-12-25 20:45:00

OIL PRICES - 2018: VOLATILE

OIL PRICES - 2018: VOLATILE

 

 

The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia "cheating" or members producing more oil than the extended Algiers Agreement output quotas. This should be expected as U.S. shale producers push past 10 million barrels per day and exceed 1970 as the all-time high for the United States.

At 10.4 million bpd (barrels per day), American oil production will surpass Saudi Arabia and Russia. Herein lies…

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Tags: OIL, PRICE, OPEC, RUSSIA, USA
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OIL PRICES - 2018: VOLATILE
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