Tuesday, October 11, 2016

I Ain't Afriad Of No Glut

Why the 'wall of crude' may not be such a big threat

For investors worried about the impending ‘wall of crude' coming from Nigeria and Libya reducing the effectiveness of OPEC's recent deal to curb production, RBC Capital Markets has some good news. The firm's head of commodity strategy, Helima Croft, thinks a sustainable ramp-up by some members of the oil cartel is unsustainable. She thinks production levels…

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