30-05-2017 17:21 via articlefeeds.nasdaq.com

Is This Saudi Arabia's Newest Strategy To Boost Oil Prices?

OPEC’s new strategy to balance the oil market is to cut oil exports to the U.S., a move intended to drain near-record-high crude oil inventories.OPEC originally thought that six months of combined production cuts would be sufficient to balance the oil market, but the market still looks oversupplied. Not everyone
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