$50 oil price may be magic number for market balance – MarketWatch


MarketWatch
$50 oil price may be magic number for market balance
MarketWatch
OPEC decided last week to extend its crude production-cut agreement because global supply hasn’t yet fallen back to its five-year average, but long-term prices at $50 a barrel may be just what the markets need to help bring back balance to the oil market.
Oil Markets Worry OPEC Has No Exit StrategyOilPrice.com
Saudi’s Admit, Oil Prices No Longer In OPEC’s ControlForbes
Pre-OPEC short covering left oil price poised to fall: KempReuters
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