Oil Analysis: Long-run bearish bias intact - IB Times

May 22, 2017, 10:37 AM

Gaurav Sharma, Business Editor and Oil Analyst at IB Times, says oil prices might remain stuck around $50 and on the larger scheme of things being net short makes sense.

Watch the full segment as Sharma talks about the OPEC’s struggle to keep prices around $50 due to the sustained rise in the US shale output.

Sharma believes a nine-month extension of the output cut deal may have been priced-in by the markets. Moreover, rising US shale output is likely to counteract OPEC's efforts to boost prices

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