Oil Traders Fail to See the Bigger OPEC Picture

Oil Traders Fail to See the Bigger OPEC Picture

May 30, 2017
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By hellenicshippingnews.. Don’t be fooled by today’s market reaction: OPEC’s widely anticipated decision in Vienna today to extend the production cuts that were agreed to back in November 2016 should prove bullish for crude oil prices. Traders may be unimpressed, pushing prices down more than 5 percent to below $49 a barrel in New York, but OPEC’s … Read full story ›

Source:: Hellenic shipping news Oil