June 25, 2018
OPEC met last Friday, and their production increase was smaller than the market had expected which caused the price to move back towards the $70 per barrel level on nearby NYMEX futures. In my latest piece for Seeking Alpha, I examine the price action in crude oil and explain why $80 may be in the cards, but tariffs could slow the ascent of the energy commodity.
Article: OPEC Sends Oil Higher
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