Tags » Oil News
- Bloomberg Article: Oil Drops as U.S. Drilling Growth Threatens to Counter OPEC Cuts
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U.S. oil this month dropped below $50 a barrel for the first time this year as the nation’s near-record crude stockpiles and increasing production weighed on the output reductions by the Organization of Petroleum Exporting Countries and its allies.
- Bloomberg article: Citi Tells Investors to Stop Worrying and Learn to Love Oil
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Buy oil now, and count on Saudi Arabia for support, according to Citigroup Inc.