Oil prices are down by as much as (31%), the lowest prices on oil in 4 consecutive years.
The new forecast just in predicts oil may go far lower and Trump is pushing to keep this happening…
The world does not need higher oil prices!
Trump continues to push OPEC (The “Organisation of the Petroleum Exporting Countries”) to keep the prices of crude down.
It’s also reported that “WTI Crude prices dangerously close to the wellhead breakeven prices in many U.S. shale areas”.
As prices fall for oil analysts say the lower prices reduce drilling and less investment as oil reaches a close to break even point.
Karr Ingham a crude oil and natural gas economist says
OPEC won’t get a production decline.
More of the latest news on Oil stock prices as they come in, Victoria Rothstein reports: www.instocknews.com/author/rothstein