November 28, 2014

Oil: "$35 a possibility if they don’t get an agreement next spring"

Tom Kloza, founder of Oil Price Information Services: “When you look at the second half of 2015, that’s when you see oil beginning to dwarf demand by about a million, a million and a half barrels a day. Thirty-five dollars is a possibility if they don’t get an agreement next spring because that’s when the oil really starts to build and you can have a billion barrels of oil with really no place to put it.”

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