Oil prices are unlikely to rise significantly this year because of fears of an oil supply glut caused by over production and reduced oil demand due to a slowdown on global economic growth as well as doubts that an oil supply cut deal between the Organization of Petroleum Producing Countries (OPEC) and non-OPEC members reached in December will be implemented fully in early 2019.

“Over-production and a reduced increase in global demand are having their impact on oil prices despite OPEC and Russ...


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