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by Jim Colburn Leave a Comment
The excellent Russell Gold, Wall Street Journal, discusses what’s important for oil prices in 2019, here…
”That makes the sanctions a major wild card in the supply balance of oil. In mid-May, when the 180 days are up, U.S. foreign policy effectively could remove 1 million barrels from the market by eliminating waivers—or could add more than 1 million barrels a day by ending the sanctions altogether.”
I loved this:
”Welcome to the new oil market, same as the old market.”
Do read the whole thing…
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