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Time for Low-Cost Middle Eastern Producers to Abandon OPEC?

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Price Curves for Three Crudes

Forward price curves for WTI Cushing, WTI Houston, and Brent. Click on graph to enlarge it.

Swap Positions: Implications of Growing Short on US Crude Oil Production (December 11, 2017) -- Many authors and analysts have ignored a recent important development in oil markets: the dramatic increase in the swap dealer short position.

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