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Will US shale oil undermine its own success?

from OilPrice.com

The continuous fall in oil prices over the past five months has created a significant stir in global oil markets. Key reasons for this sudden fall lie in a combination of factors: weak demand in Europe and Asia, higher than expected levels of production in politically unstable areas such as Libya and Iraq, increased U.S. production and OPEC's decision not to cut production. The downward oil price trend might continue in 2015. Analysts predict that prices could fall to $70 and $80 for the WTI and Brent benchmarks respectively in the second quarter of 2015. more


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