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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

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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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