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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC’s next move might be an oil production hike

Posted on 19 April 2016

Several of the world’s largest oil producers failed to reach an agreement to freeze output to help alleviate a glut of global crude supplies, but the Organization of the Petroleum Exporting Countries may soon need to start discussing an increase in output instead.
The logic is a bit hard to grasp, but not that difficult if you look at some of the reasons why producers couldn’t come up with a deal to cap production—and why oil prices didn’t end up taking that big of a hit on Monday………………………………………..Full Article: Source


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