Prices are likely to remain weak until there is any noticeable reduction in oil stocks.
Source: reuters.com by Scott DiSavino
“OPEC is settling in for the long haul, I think we’ll remain between $50 and $60 a barrel for the time being,’’ says OPEC analyst.
Source: Bloomberg.com by Javier Blas and Jack Farchy
"Stockpile reductions will accelerate in the third quarter..."
Source: Bloomberg.com by Wael Mahdi, Grant Smith, and Javier Blas
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