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Reuters Poll: Oil Prices Likely to Rebound in Second Half of 2015

By Clip Syndicate
A Reuters monthly survey showed crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC's decision not to cut output. Analysts said the agreement last month by OPEC, the Organization of the Petroleum Exporting Countries, to stand pat on output meant the onus for any supply cutbacks was now on non-OPEC producers, primarily led by U.S. shale oil.






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