As oil nears $50 a barrel, will renewed drilling undercut price gains?

June 6, 2016 / By Surprise Valley Resources

The oil market is turning its attention back to the U.S. as more of its rigs return to work following a surge to $50 a barrel, raising concern that a production rebound may stifle crude’s recovery “All eyes” are on the U.S. response to higher prices, Morgan Stanley said in a report Monday, adding that …
Source: FuelFix