Opinion: The Current Oil Price Rally Is Reaching Its Limits

Green Car Congress
By mmillikinMar 24, 2016, 3:12 am74 pts
by Nick Cunningham of Oilprice.com Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. US oil…

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