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Oil Markets Turn Bearish Ahead Of OPEC Meeting

Oil prices have continued to fall at the start of this week, as Trump restarts the trade war with China and markets worry that OPEC will increase production. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)- The EIA forecasts Brent oil prices to average $71 per barrel in 2018 and $68 per barrel in 2019. That is a $2-per-barrel increase from the previous forecast. - But the agency says prices will decline in the second half of this year, because soaring U.S. shale production will result in supply outpacing demand. - The…
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