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Crude Oil And The Prisoner’s Dilemma At OPEC

Crude Oil And The Prisoner’s Dilemma At OPEC

June 6, 2017

Last weekend, Saudi Arabia and four of its allies cut all diplomatic ties with Qatar in a move to protect themselves and make a statement in the region. In my latest work for Seeking Alpha, I explain why the move may create a prisoner’s dilemma on many levels and how I believe it limits the downside potential for crude oil as the temperature in the hot Middle East just rose by a significant number of degrees.

Article: Crude Oil And The Prisoner’s Dilemma At OPEC

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