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Is OPEC Bipolar?

May 19, 2015 by Ehren Stanhope

OPEC announced last week that they don’t see oil prices trading at $100 again in the next decade. Miraculously, the consortium is now considering a return to production limits as the best means to influence market prices of oil. Even in its most optimistic assessment in a new report, OPEC only sees oil rising to $76 in 2025, according to the Wall Street Journal.

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May 19, 2015 /Ehren Stanhope
oil, opec

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