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Russia Sees No Oil Price Recovery In The Coming 7 Years

Oil has given up all the overnight gains as we head towards the open and algos wake up to the reality that Russia's deputy FinMin believes...

 

Submitted by Andy Tully via OilPrice.com,

“Lower for longer” is becoming the catch phrase of the global oil industry, as an increasing number of energy executives and government officials alike see no opportunity for prices to rebound to their levels of mid-2014.

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