Market Observers Believe Oil Can Keep Surging

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The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, continues ascending to multi-year highs and is up more than 6% just this month. Some oil market observers believe the commodity can continue surging. Year-to-date, USO is higher by nearly 20%. Current OPEC compliance with production cut plans remains above [...]

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