SocGen Says Buy Oil Now as OPEC Must Cut Output to Stop BleedingBy
Brent crude will climb to $60 by end of 2016 after reductions
Bank recommends increasing exposure to oil-related assets
Now’s the time to buy oil as OPEC members suffering swollen fiscal deficits will be prompted to curb output, according to Societe Generale SA, which predicts a price rebound next year.
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