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Trump Tax Reform Could ‘Transform’ Global Oil Market

RT, American energy renaissance set to flourish under new President. The Republican Party’s proposed shift to border-adjusted corporate tax (BTA) could have a significant impact on the global oil market, pushing US crude prices higher and triggering large-scale domestic production, said analysts at Goldman Sachs. The border tax intends to boost US manufacturing by taxing

Oil Prices Rise as Market May Not Be Oversupplied

Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere. A drop in the dollar away from seven-month highs the previous day also supported crude, as

Oil prices stable on planned OPEC cut, but current glut still weighs

Brent crude oil prices steadied above $50 a barrel on Monday, supported by a planned production cut by exporter club OPEC, but still under pressure from an overhang in supply that currently exceeds consumption. International benchmark Brent crude futures LCOc1 were trading at $50.25 per barrel at 0651 GMT, up 6 cents from their last

The oil price rally could be ‘sowing seeds of its own destruction’

Oil’s had a relatively good year. The commodity’s seen a nice rally in light of a weaker US dollar, stronger economic data from China, decreasing non-OPEC production, and a continued rise in demand. In fact, since their February lows, both WTI and Brent crude have rallied by about 60%, and are now trading around $44 per barrel. Although this may seem