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Oil to trade flat to lower through to the end of 2020

July 19, 2020 at 10:51PM

Oil to trade flat to lower through to the end of 2020
View for the balance of H2 from Rabobank, this in brief (bolding mine):
enormous stockpile of drilled but uncompleted wells (DUCs) amassed in the Permian Basin over the last number of years …  the latest figures showing an impressive 3,488 DUCs waiting to be tapped. In fact, nowhere else in the world that we know of
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