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Unstoppable Force Meeting Immovable Object Stumps Oil Market

  • U.S. shale acts as a counter to OPEC output and surging demand
  • APPEC oil conference ends with bullish outlook for 2018 prices
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The oil market is battling with a paradox: what happens when the unstoppable force of OPEC production cuts and soaring global demand meets the immovable object that’s U.S. shale?

The answer will determine not only the price of crude, already at its highest in two years near $60 a barrel, but also the fortune of Big Oil companies and energy-rich countries from Saudi Arabia to Russia and Brazil.