Tax Reform Might Boost US Oil Investment, Bad for Prices

Posted December 5th, 2017 by TrenaTeece and filed in General News

Oil prices steadied after the selloff on Monday. It appears to be a tug of war between optimism over OPEC/ non-OPEC’s extension of output cut deal until end-2018 and ongoing concerns over US’ production. Worries for the latter could be exacerbated by the US tax reform. Currently trading at 57.5, the front-month WTI crude oil contract settled at 57.47, dropping -1.53% yesterday.

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Tax Reform Might Boost US Oil Investment, Bad for Prices

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