Gains in Energy Complex Slow Over US Production and Speculative Positioning Concerns

Concerns over higher US oil production and a crowded speculative market put the breaks on any price gains in WTI for the last week and a half. For the week ending 1/14/2018, US production rallied to 9.75 million bpd from lows near 9.50 million bpd. Current production is just below recent highs at 9.789 million …

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