Failure of OPEC to Rein in Production Means Oil Prices to Fall Further

Discussion in 'Fundamental Analysis' started by Daily.Forex, Apr 19, 2016.

  1. Daily.Forex

    Daily.Forex Forum Member

    Sep 2, 2015
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    With the failure of the OPEC countries to come to an agreement over the weekend, oil is set for a long and deep decline, in my view. The supply/demand factors that are supporting it are not enough, in my view, to keep it at current levels for any length of time.

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