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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (36547)	11/3/2017 3:30:03 PM
From: Goose94	Read Replies (1) \| Respond to of 203640

Crude Oil: The flurry of comments in recent weeks from OPEC officials has steadily ratcheted up expectations for what they will agree to at their upcoming meeting in Vienna. The latest report, from Reuters, suggests that OPEC is likely set to agree to an extension through the end of 2018 rather than just for three months beyond March. “OPEC is likely to stay the course for the rest of 2018. We want to see commercial stocks going down,” a source within OPEC told Reuters. Even more bullish, from the perspective of oil prices, is that OPEC officials want prices to rise even higher. “The feeling in OPEC is that $60 (a barrel) should be the floor for oil prices next year,” the source said.