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Crude oil prices may be stalling due to oversupply, for now. US production appears to be the major culprit.
Countering that trend are fears of the US backing out of the Iran deal, and the IMF banning Venezuela. Realistically, neither should effect global oil supplies, as China will step in where the IMF fears to tread, and Iran needs cash, so they will produce and sell to anyone. Still, if you need an excuse for pushing pump prices up, they are as good as any I have seen. Smoke and mirrors.
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