DTO - OPEC Admits The Oil Market Looks Bullish

Right now, there’s a tremendous amount of pessimism in the oil space, but this is almost entirely unwarranted. While some concerns are justified, mostly those centered around the impact that the Trump Administration’s trade wars might have on the global economy, the overwhelming majority of data suggests that investors should be bullish, not bearish, on crude at this time. In its latest monthly report, for instance, OPEC revealed data that points to an even more bullish outcome for this year than what was calculated just one month earlier, and so long as the group and

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