Weekly Fundamentals - Oil Prices Resumed Slump as Libya and Nigeria Soared; US Rigs Rose Again
JessKopf88The output cut deal implemented by OPEC and other oil exporters in January, and the announcement of its extension in May, had given oil prices a boost. However, despite the high compliance level of the participants, the cut does not seem to be sufficient to sustain crude oil price mid-50 levels or above.
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Weekly Fundamentals - Oil Prices Resumed Slump as Libya and Nigeria Soared; US Rigs Rose Again
