Will A 9-Month Crude Production Cut Extension Be Enough?

zerohedge.com / by Nick Cunningham via OilPrice.com / May 16, 2017 2:21 PM

Oil prices surged on Monday after Russia and Saudi Arabia said they support an extension of the OPEC/non-OPEC production cuts. Oil prices have clawed back a lot of the losses exhibited over the past month, with Brent now safely in the low-$50s and WTI on its way toward those levels.

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