Analysts grow more bullish on oil, OPEC poses no threat to rebalancing

  1. What? Analysts are growing increasingly confident that a near-two-year rout in oil has ended
  2. They have raised their price forecasts for a second month running
  3. Reason: Healthier demand and a drop in U.S. shale output to balance the market by 2017
  4. Also, the inability of OPEC and non-OPEC producers to agree to limit oil output is not expected to slow the rebalancing of global demand and supply
Oil and Gas Sector – HELP, Open Acreage Policy, etc.
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