Sentiment and talkin up OIL only lasts temporarily...OIL DEMAND is down while SUPPLY IS HUGE
In further erosion of USA ban on exporting OIL.. USA firms now win right to trade Oil to Mexico.... more USA oil , meaning more supply, now available in world markets.
T Boone Pickens now relegated to talking about the beginning of Dove hunting season after spending a year talkin up Oil going to 100, then 70.
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