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Ponderosa Energy: Crude Oil Prices Are Still Too High

2015-10-21 03:51:05| oilandgasonline Home Page

Crude oil prices have fallen almost 60% since June 2014. But prices are still higher than the fundamentals suggest, and WTI prices that have traded in a range of $45 to $50 a barrel since late July still allow producers to economically produce in several areas.

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