| Crude oil could be heading back down to the $20s again, if Saudi Arabia makes good on its threat to raise oil output – and if the Federal Reserve hikes interest rates in December. After talking the oil market up for three months, OPEC and its new ally Russia has been unable to execute on Saudi kingdom’s s output freeze strategy.
That was obvious in the OPEC experts meeting last week, where the old animosities between Riyadh and Teheran resurfaced, spoiling the chances of a final deal, according to a Reuters report.............................................Full Article: Source
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