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More analysts partial to L-shaped oil recovery
Persuaded by shale oil, market watchers tend to favour an L-shaped instead of U or V-shaped recovery experienced in 2008
Add BT as a preferred sourcePublished Thu, Mar 5, 2015 · 09:50 PM
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Houston
GET ready for an L-shaped oil recovery.
A growing consensus is emerging from the likes of BP, the International Energy Agency, shale wildcatters and even the Saudis that a near-term recovery to US$100-a-barrel crude isn't in the cards. Instead, expect a range of US$50 to US$60 for at least the next few years.
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