CNBC | Why oil is due for a 'sharp correction' CNBC With oil prices over 30 percent higher since June, oil market bulls are finally getting what they wished for this holiday season. Global economic growth is strong and synchronous, and end-use petroleum demand continues to outperform historical norms ... Oil remains near 2015 highs on tight market outlook Oil slips from highest close since mid-2015 Premier Oil has success from flagship North Sea development |