OPEC Meets

December 7, 2015

OPEC met in Vienna last Friday and the cartel said that they will continue to “closely monitor developments” in the oil market. In my latest piece for Seeking Alpha I explain why OPEC action to increase the production ceiling to 31.5 million barrels and other factors amount to an admission of the cartel’s impotence. I also explain why oil may continue to drift lower but why we could wake up one morning and find the price of the energy commodity appreciably higher.

Article: OPEC Meets

Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s