Oil prices might finally be perking up after a long tumble
Oil prices might finally be perking up after a long tumble
Analysts didn’t anticipate the convergence of factors driving oil prices down. A record production of U.S. crude combined with increased pumping globally have created an unexpected surplus. Combine that with slowing global demand and President Donald Trump easing sanctions on Iran, and oil prices are in a slump. What will it take for OPEC to reverse the trend?
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