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Why crude oil may be poised for a correction

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Despite the more than Half gain in oil since mid-February and prices looking relatively stable around US$40 per barrel, few are convinced the force is here now to remain.Commodity analysts at Macquarie Capital are calling for a correction in oil prices to the mid-US$30 to low-US$30 range. “Although we’re constructive over the medium and long-term, the current oil price recovery ...

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