Don't Expect Oil To Trade North Of $60 In 2017
March 20, 2017 - 8:55am
The Organization for Oil Exporting Countries (OPEC) reached a historic agreement that calls on OPEC members and non-member oil nations alike to lower their collective output to help boost oil prices higher.
The problem is the OPEC agreement isn't sufficient to sustain a longer-term recovery in oil prices, according to the Arab Petroleum Investment Corp (Apicorp), a development bank wholly owned by the member states of the Organization of Arab Petroleum Exporting Countries (OAPEC).
According to a Bloomberg report, Apicorp said in a separate report on Monday that oil ...Full story available on Benzinga.com
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