A Year After OPEC’s Deal, Investor Anxiety Is High for Continued Cuts - News Summed Up

A Year After OPEC’s Deal, Investor Anxiety Is High for Continued Cuts


The oil market is confronting a make-or-break moment as traders gauge whether major producers will come through on an expected deal to continue curbing output through the end of next year. One year after OPEC reached a historic agreement with other major oil producers to limit oil production, the market is showing signs of recovery. Oil prices have surged to the highest levels in more than two years. And traders and investors are wagering that prices could climb further if the deal is extended when the group meets this week...


Source: Wall Street Journal November 29, 2017 19:23 UTC



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