Tag: Prices

OPEC’s production cut sets $90-$100 floor on crude oil prices (NYSEARCA:XLE)

SlavkoSereda/iStock through Getty Pictures OPEC+’s 2M bbl/day generation lower signals the cartel has a new selling price ground for crude oil that could trigger consternation for U.S. lawmakers but ought to confirm profitable for oil producers. OPEC+’s “plan of industry stability is at $90-$100,” Eurasia Group’s Raad Alkadiri instructed Barron’s. “They are prepared to choose […]