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This $600 Million Oil Market Shift Is the Biggest Signal the Crunch Is Over
Oil "sages" everywhere are now calling for $40 to $50 a barrel of oil by mid-year, calling on vague rumors of a Saudi-Russia production deal, costly shale oil producers collapsing, or the energy debt crisis as proof.
But they're overlooking one crucial thing - the main signal that oil prices are turning around. You see, the largest move of its kind ever just took place in oil markets... $600 million worth in one day.
Oil "sages" everywhere are now calling for $40 to $50 a barrel of oil by mid-year, calling on vague rumors of a Saudi-Russia production deal, costly shale oil producers collapsing, or the energy debt crisis as proof.
But they're overlooking one crucial thing - the main signal that oil prices are turning around. You see, the largest move of its kind ever just took place in oil markets... $600 million worth in one day.