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Industry News
7th February 2017

The oil war is only just getting started

It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: How OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing each other, and are putting a floor and a cap to a price range of between $50 and $60.

Oilprice.com

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