WTI oil prices have fallen below $50, again, this morning. The recent flurry of buying, on the back of the refinery strike and the fixation on the falling rig count, has met the hard reality of an unchanged landscape. The IEA reminded the market that there is still oversupply that is will likely find its way into storage in all-time record amounts, globally. US output is expected to continue to grow, as well, according to the EIA…
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