September 12, 2016
Last week, the Saudis and Russians told the oil market that there would be no agreement in Algeria at the special meeting set up for the end of this month. In my latest article for Seeking Alpha I explain why oil is likely to remain between $40-$50 per barrel, how there could be another brief spike down as short-sellers capitalize on no action, and why China is the big winner when it comes to low oil prices.
Article: Cooperation in Oil- Keep Dreaming
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