OPEC Extends Cuts, Oil Prices Fall: What It Means OPEC extended oil production cuts last week and oil prices plunged. OPEC's goal was to keep a floor under current prices but the market expected the cartel to move prices higher through inventory reduction. OPEC was satisfied with greater revenues from higher prices compared to a year ago, but the ...
Art Berman - The Petroleum Truth Report
Posted 2 years agoOpinion
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