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Bear Market for Oil Caused by 'Fake News,' Says Raymond James
Analysts at Raymond James invoked one of U.S. President Donald Trump’s favorite phrases to explain oil’s descent into a bear market -- and bolster their case for why crude can rise to as much as $65 a barrel. Conventional wisdom holds that resilient U.S. shale drilling, underwhelming progress towards OPEC’s goal in slimming global oil inventories, and output recoveries from nations exempt from the deal to curb production helped push crude down more than 20 percent from recent peaks. But according to analysts led by J. Marshall Adkins -- noted oil bulls -- the bad times for oil can be chalked up to “fake ... (full story)
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- Jul 6, 2017 3:16am Jul 6, 2017 3:16am
- cliffedwards
- | Membership Revoked | Joined May 2006 | 3078 Comments
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- Jul 6, 2017 4:02am Jul 6, 2017 4:02am
- Micc23
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- Jul 6, 2017 4:07am Jul 6, 2017 4:07am
- Micc23
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- Jul 6, 2017 4:15am Jul 6, 2017 4:15am
- Trainman
- | Joined Mar 2012 | Status: Member | 263 Comments
Sure I have a trading plan. Buy low. Sell high. What's yours?
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- Jul 6, 2017 10:58am Jul 6, 2017 10:58am
- UKBanter
- | Joined Mar 2017 | Status: Member | 938 Comments
The elites think we are stupid. They are in the main quite correct.