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Oil Nears $70 Despite Rising U.S. Output

By OG Market Report   Posted in Finance Oil Prices Production
Posted on January 15, 2018January 15, 2018
U.S. oil production could effect global markets

The price of oil touched $70 today.  The rise may be attributed to a tightening supply from OPEC and Russia.  While U.S. supplies have been expanding, they have yet to stop the upward trend. Reuters reports that, “Growing signs of a tightening market after a three-year rout have bolstered confidence among traders and analysts that …

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