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Oil Panic-Buying Continues

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Record Saudi output; multiple nations proclaiming no output freeze; US production up most in 15 months; rig counts rising...global gdp growth plunging, China demand tumbling... Brent near $50 and WTI soaring to 6-week highs...

 

Sept 2016 contract contonues to soar as the roll hits...

 

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As the short squeeze continues...

 

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As the USDollar slides.

 

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