29.11.2016 - Get ready for $40 oil if OPEC deal collapses
It's time for the oil industry's favorite guessing game: Will OPEC continue to flood the world with more oil, or will it finally blink and cut production? OPEC reached a preliminary deal to much fanfare in September to cut output for the first time since 2008. That tentative agreement sent crude soaring above $50 a barrel. But there's lingering skepticism over whether OPEC can really keep its word at Wednesday's meeting in Vienna. Internal squabbling among OPEC members -- especially Iran, Iraq and Saudi Arabia -- has made a concrete agreement difficult to achieve...............................................Full Article: Source
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