Barriers remain, but oil above $50 in Q4 2016 likely: RBC
Crude oil prices are up today despite news over the weekend that no deal regarding the crude oil production freeze between OPEC and non-OPEC producers could be reached. Talk surrounding the deal bolstered crude oil prices in the months leading up to the Doha meeting, and many market observers feared that the absence of a deal would send prices plummeting again. Production tapering off in the U.S., as well as supply outages in Kuwait due to strikes helped to offset the Doha news, and pri...


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