Bank Looks for Commodities Prices to Rebound on “Broad Front” by 2017, Examines 2015 OPEC/Saudi Actions
Scotiabank Economics released its annual commodities outlook today, saying near term WTI could be US$30, based on post-Dec. 4 OPEC oil trading below US$35 already, “and could drop to US$30 near-term.”

Scotiabank reviewed Saudi Arabia's Fall 2015 actions as “apparently willing to implement a series of output cuts over the next several years to bring prices back to the US$50 mark, if Iraq rejoined OPEC’s quota system, Iran moderated its pro...

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