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


To: Goose94 who wrote (114888)11/4/2021 8:25:50 AM
From: Goose94Read Replies (1) | Respond to of 203353
 
Crude Oil: Bad News Bears for Bulls OPEC+ facing pressure to pump more oil

What will OPEC+ do as oil hovers near a seven-year high and as the cartel and its allies get an earful from the U.S. about pumping more oil? We’ll find out soon enough, with a meeting of those crucial oil-producing nations happening this morning. Remains to be seen if they’ll continue raising production by 400,000 barrels per month. The consequences are far reaching as the world grapples with inflation, while oil producers and their investors reap the reward of high oil prices (more on that below).

BNN.ca