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value1008

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value1008

Re: catkin post# 841

Saturday, 01/17/2015 11:43:31 AM

Saturday, January 17, 2015 11:43:31 AM

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The problem is that production overall is still growing and there will be many news headlines about bigger inventories along the way until Spring-Summer driving season ups demand...

Those news headlines will have a depressive effect on oilprices.

Key here also is the continuing bullishness of the USD. A reversal of that would certainly help on any rebounding of oilprices.
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