CIBC: The Crude Glut Might Be Cured Faster Than You Think
Crude could get a leg[acy] up.
Oil Tumbles as OPEC Opens the Taps on Output Target
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OPEC has sent oil prices back to the mat, but North America might be able to pick them back up before too long.
CIBC World Markets Economist Nick Exarhos notes that the decline in U.S. oil production hasn't come about with the speed or magnitude most experts expected. But in the details of production data, he finds a dynamic that could support crude prices next year.