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Oversold: Oil traders punish OPEC for promising too much - The Hindu
The Hindu | Oversold: Oil traders punish OPEC for promising too much The Hindu The cuts helped push oil prices back above $50 per barrel but also spurred growth in the U.S. shale industry, which does not participate in the output deal. That slowed a rebalancing of supply and demand, with global inventories still near record highs. |
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