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Tuesday, April 25, 2017

Why OPEC's Cut-Extension Is Another Blunder


INO.com Traders Blog http://ift.tt/2qaR5xm OPEC, led by Saudi Arabia, blundered when it decided to engage in a battle for market share in November 2014. It assumed it could drive American shale oil companies bankrupt and then pick up their market share. But this strategy was destined to fail. For one thing, they didn’t take into account that American shale […]

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