Oil Price Rally Isn't as Deep Rooted as It Looks at First Glance
- Long-dated oil futures drop even as short-term prices recover
- Shale producers seen disrupting typical boom-bust oil cycle
Why Oil Prices Aren't Headed Back to $30 a Barrel
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At first glance, oil prices have rallied -- a lot.
Look closer, however, and the market is still pricing the "lower-for-longer" mantra, much as it did at the beginning of the year.