OPEC Will Extend The Cut

All political and economic incentives, however, point toward a green-light for an extension


OPEC Will Extend The Cut There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world's largest oil producers are really determined to end the supply glut. A failure to agree on the market remediation would cause oil prices to plummet immediately, forfeiting any gains that have been made in the last year.
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