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Crude oil gushes lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    More than ever the OPEC needed a clear strategy to help shore up oil prices on Friday. But failing to even agree on an oil production ceiling, not only does this mean that the global supply glut will remain in place for a lot longer than expected, but it also brings into question the organization’s role as a cartel. Oil producing nations and companies will therefore continue to do what is in their own best interest and produce as much oil as possible in order to stay in the game and avoid

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