Oil Remains Cheap, and Petrostates Remain Screwed

According to Reuters: Oil fell to its lowest since late November on Thursday, as concern over rising global supply and stubbornly high inventories effectively wiped out most of the gains made since OPEC announced its first supply cut in eight years. Brent crude oil remained below $50 - a price level that is catastrophic for … Continue reading Oil Remains Cheap, and Petrostates Remain Screwed

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