Last Friday, oil prices fell for the 10th consecutive day. According to CNBC, this marked the longest losing streak for crude oil in 34 years. I have covered the factors behind this drop in the previous two articles. To recap, the loss of China as an export market for U.S. oil producers has caused crude inventories in the U.S. to swell, and the Trump Administration’s weakening of imminent sanctions on Iran have both been large factors in the decline. Matt Badiali, senior research analyst at Banyan Hill, thinks the…
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