US Oil Production To Roar Back To Life This Year: BAML

Oil production Over the past 12 months, OPEC jawboning and the finally agreed production cut between the cartel’s main members has helped stabilize the price of oil at over $50 a barrel — a price many producers are not happy with but can survive on. Andrew Hall: The Oil Market Is Returning To Normality … Unfortunately, it now looks as if OPEC’s work to try and stabilize oil prices will be undone by US shale oil producers according to Bank of America Merrill Lynch’s commodity analysts Max Denery and Francisco Blanch. Andurand Commodities Fund Up 22 Percent In 2016 As Bullish Oil ……