oil market

  • Will OPEC stabilize the price of oil and lead to more consistent oil futures? Our last oil update came after OPEC and OPEC+ agreed to cut oil production. This combined effort followed the price dive caused by Iran’s continued—and unexpected—production of oil. Increasing demand by decreasing supply is simple economics. However, oil is never simple…

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  • Oil Market Oversupply and Its Ramifications Remember how high gas prices were less than a month ago? Now a trip to the pump is far less painful. What happened that pushed the price down, besides another indication that the oil market is ever shifting and far from predictable? Well, in short, oil market oversupply. Oil…

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