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Wednesday, May 13, 2015

Oil Prices

Oil's Not Coming Back----Here's Why

By Bloomberg Business
by Moming Zhou at Bloomberg Oil bulls who’ve cheered a rebound of 40 percent from a six-year low should take heed: Unless demand accelerates, the rally is in danger. The omens aren’t good. The U.S. government expects global consumption to grow next year at less than half the rate of 2010, when the world was emerging from a previous recession. The …

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