A Single Country Now Controls the Future of Oil Prices
March 17, 2016 at 10:09 AM EDT
After a hefty rise of 46.9% for the month through close last Friday, WTI crude fell for two consecutive sessions to start the week. As always, pundits with no real experience in the industry will blame the "glut" - but excess supply on its own is not responsible for today's oil conundrum. Instead, the key factor in how people regard the market and anticipate oil prices today is guaranteed excess supply. And the actions of a single country will now decide whether that guarantee will remain... Tags: Crude Oil Prices , oil market , Oil Prices , oil production , oil production freeze , oil sector , OPEC To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post A Single Country Now Controls the Future of Oil Prices appeared first on Money Morning - We Make Investing Profitable .