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Why the Oil Price Rally Might Falter
2016-06-12 02:23:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Last year's oil price rally ran out of steam in early May after 112 days. This year's has already lasted longer (140 days so far) and prices have risen further, but there are worries that, it, too, may be running ahead of market fundamentals. While prices seem unlikely to collapse again, there are good reasons to expect a pause in their upward march. Crude prices have nearly doubled from the lows reached in mid-January. Brent rose above $50 a barrel last Monday and stayed there all week. West...
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oil
rally
falter
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