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Oil remains stable (for now) despite high uncertainty in the horizon

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Since the negative rates of April, the oil market has partly recovered and settled around $40. The ongoing high uncertainty over demand, along with the changes in production in non-OPEC and OPEC countries, haven’t moved oil from its $40 mark over recent weeks. What’s next for oil?   Oil demand is expected to…

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Do Low Oil Prices Have a Net Gain or a Net Loss Effect on the U.S. Economy?

The short answer – it’s a wash, but it’s also complicated. This question has become more critical as the U.S. economy has been expanding its oil production in a couple of years. Currently, the U.S. produces more than 11.5 million barrels per day and is the world leading oil producer followed by Russia…

Continue ReadingDo Low Oil Prices Have a Net Gain or a Net Loss Effect on the U.S. Economy?