New York, January 06, 2014 -- High oil prices will continue to support global oil development, including oil sands and shale, in 2014, Moody's Investors Service says in a new report, "Oversupply Will Cool Oil Market in 2014 but US Midstream Growth Will Stay Robust." But oversupply could bring prices down slightly--particularly in North America--from historically strong levels at the start of the year.
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