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Bank of America sees $50 oil as Opec dies – Telegraph

Bank of America sees $50 oil as Opec dies – Telegraph. The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over the coming months as market forces shake out the weakest producers, Bank of America has warned. Revolutionary changes sweeping the world’s energy industry […]

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WTI Crude Crashes To $60 Handle As Saudis Shun Cuts | Zero Hedge

WTI Crude Crashes To $60 Handle As Saudis Shun Cuts | Zero Hedge. Brent Crude crossed below $65 for the first time since 2009 this morning and WTI began to slide as inventories showed a bigger-than-expected build. But it was Saudi Arabia’s oil minister al-Naimi who sparked the latest dump: *NAIMI SAYS `WHY SHOULD I […]

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Any OPEC Solidarity Break Seen by Iran Sending Oil Lower – Bloomberg

Any OPEC Solidarity Break Seen by Iran Sending Oil Lower – Bloomberg. Any break in OPEC solidarity or a price war will drive crude to below $50 or even $40 a barrel,Iran’s oil ministry head of petroleum market analysis said. Middle East crude producers Saudi Arabia and Iraq this month increased the discounts used to set the […]

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Anyone That Believes That Collapsing Oil Prices Are Good For The Economy Is Crazy

Anyone That Believes That Collapsing Oil Prices Are Good For The Economy Is Crazy. Are much lower oil prices good news for the U.S. economy?  Only if you like collapsing capital expenditures, rising unemployment and a potential financial implosion on Wall Street.  Yes, lower gasoline prices are good news for the middle class.  I certainly […]

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