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Want to bring down oil prices? Trump's tough talk may have been premature!
The USA's Energy production is indeed expected to rise, but most of the growth will come from Henry Hub Natural Gas rather than oil.
Sector Update: Energy Stocks Rise Pre-Bell Friday
Oil Remains Well Supported – ING
Oil Brief: NY Crude Up 2.8% at US$76
Commodity Roundup: Outlook Remains Bearish for European Gas Prices, BMI Says, Henry Hub Prices to Rises 41% Y-o-y
The "monsters" in the oil market are starting to retreat, and oil prices are about to reveal their true colors.
Algorithm traders who have been dominating the Crude Oil Product market are withdrawing, and traders focused on supply and demand fundamentals are expected to regain control.