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$50 oil is here to stay if OPEC sticks to its deal

December 20, 2016

Via: CNN
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It was a roller coaster year for oil prices. And little wonder.

Iranian oil flooded onto world markets after sanctions were lifted, OPEC squabbled over production levels and then ended the year with a rare agreement to cut supply.

The icing on the cake: big producers outside the cartel promised to help curb output and drain a huge oil glut.

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