Global Markets: Oil Heads South On Mixed Signals From OPEC

Global Markets: Oil Heads South On Mixed Signals From OPEC

There was a hint that something like this could happen, and now it’s here. When oil prices were spiking at the beginning of last month, hitting four years highs, with global bench mark Brent breaking the psychologically important $85 price per barrel point, and U.S. bench mark West Texas Intermediate (WTI) hitting the mid $70s point, there were predictions that prices could even hit $100 per barrel by late 2018 or the start of next…

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