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IEA Says Oil Prices May Fall Even Further Before Supply Fades in 2016

(Bloomberg) – Oil prices may fall further as the world remains “massively oversupplied,” before markets tighten in 2016 when output growth outside OPEC grinds to a halt, according to the International Energy Agency. There will be no overall production growth outside the Organization of Petroleum Exporting Countries next year for the first time since 2008, […]