OPEC & Russia have their hand on the taps and can flood the market at anytime; $82 oil is a pipe dream and so is $70 oil. Inflationary pressures are already starting to appear just as the US, in particular, is at full employment. Runaway oil prices of $70+ would hurt the world economy and the heads at OPEC know this.
...and btw, shale is going to be around for decades...ask Exxon, who’ll be spending $35b over the next 10 years in the patch; Shell sizing up BHPs acreage, and the beat goes on...
Oil $82 in six months?, page-4
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$7.02 |
Change
0.180(2.63%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.03 | $6.91 | $81.59M | 11.66M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125302 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 766 | 1 |
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