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IEA Says Oil Market Could 'Drown in Oversupply' - Wall Street Journal
Wall Street Journal | IEA Says Oil Market Could 'Drown in Oversupply' Wall Street Journal “The oil market faces the prospect of a third successive year when supply will exceed demand by 1 million barrels per day and there will be enormous strain on the ability of the oil system to absorb it efficiently,” said the International Energy Agency ... Can oil go lower? 'An emphatic yes', says IEA Oil rises on record Chinese demand, oversupply caps gains Iran Set to Pump More Oil Into Market Glut |
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