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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "Negative Oil Prices 'a Huge Red Flag,' CIBC Private WM Says" video.
It's not Saudi Arabia. The U.S. is the one with the lowest crude oil prices because of excess production versus demand. This is a totally internal problem for the U.S.
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right? - The U.S. produced more oil than it consumed before the crash. Now it can't export because of excess in the world and can't sell enough oil domestically.
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