Tuesday, March 28, 2017

Who Really Controls The Price Of Oil?

Oil Prices Plunge With U.S. Production Soaring

This article originally appeared on the Motley Fool. After spending much of 2016 near multiyear lows, oil prices began to rally in late November as it became clear that OPEC would finally cut production to address a long-standing oil glut. On Nov. 30, the cartel officially announced that its members would cut their production by 1.2…