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Oil price rally likely short-lived as OPEC deal not enough to reduce glut
December 1, 2016 by creative · Leave a Comment
“The cut by OPEC will be largely offset by increases in U.S. production where the rig count has already increased,” said India Oil Corp's Director of Finance A K Sharma. Higher oil prices and lower production costs are encouraging
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Oil price rally likely short-lived as OPEC deal not enough to reduce glut