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QP - The Week in Crude Oil Markets - March 23, 2020



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Talk of $10-$15/bbl crude oil is permeating conversations among traders and market analysts as prompt WTI treads water just below $22.50/bbl. Given the inability of nonOPEC production to respond quickly to the precipitous drop in global oil demand just as Saudi Arabia and others ramp up production, inventory builds in April and May are expected to be historically unrivaled in both the size and the speed at which they develop. Stepped-up quantitative easing announced......
 
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