Oil Supplies Will Tighten

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Shawn Reynolds, Portfolio Manager, provides an update on the oil market, and posits that media headlines claiming abundant supply just don’t reflect the underlying fundamentals.

“For oil, the current headlines talk about some demand softness and an abundance of supply, but let’s look more closely at the fundamentals....We have had three years of record low oil discoveries, and this will impact supply, maybe not this year or next, but soon.”

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