Crude Oil at Risk of Oversupply this Year!
BonTradeCrude oil price initially tumbled to as low as 82.51 as the International Energy Agency (IEA)revised up its forecast on non-OPEC supplies and OPEC officials said that the organization may increase output if oil price rises above 90. Although price rebounded and closed above 84 as boosted in gains in US stock markets, inventory data remained a concern.
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Crude Oil at Risk of Oversupply this Year!
