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Oil markets near three-year highs, supported by healthy demand - Reuters
Reuters | Oil markets near three-year highs, supported by healthy demand Reuters “We have updated our supply/demand balances to reflect a faster-than-expected tightening in the global oil market due to improving cyclical conditions, cold winter weather, and higher than expected OPEC compliance,” Bank of America Merrill Lynch said ... Will US shale ruin the oil party (again)? A short-term correction in oil prices may be on cards Banks Increasingly Think OPEC Will End Supply Cuts as Oil Hits $70 |
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