SocGen Says Buy Oil Now as OPEC Must Cut Output to Stop Bleeding

  • 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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