Why The United States Rule Oil Prices... Not OPEC (In 4 Simple Charts)
@zerohedge -

Authored by George Friedman and Jacob Shapiro via MauldinEconomics.com,

There’s no end in sight to slumping oil prices - good news for consumers but a dire development for major oil producers like Saudi Arabia and Russia. And now, rising US oil production and exports are contributing to the slump.

Last week, oil prices reached new lows for 2017, with Brent crude dipping below $48 per barrel and West Texas Intermediate dipping below $46. The drop has been attributed to an unexpected increase in...

Loading...

Related Articles