Oto Rem Suvari

Is an Oil Spike Coming?

Is an Oil Spike Coming?

2 mins. to read

The general consensus on the street has been bearish on Crude since the US became a self-reliant energy producer and exporter. This, coupled with more energy-efficient vehicles may have subdued demand and brought oil prices down to multi-year lows (currently $49.00). While Russia does not want to cut production, increasingly many OPEC nations are considering…

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