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Has OPEC Lost Control?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Oil prices opened significantly down this week in the wake of an utter failure of an OPEC agreement. Falling to 37.61 in the wake of the failed Doha meeting, only an act of divine providence saved the tumbling commodity from hitting the recent low at 35.54. Specifically, a well-timed strike in Kuwait slashed oil production in the country by more than 60% which gave some faint hope to the oil bulls. However, the fact anyone is surprised by the failure of OPEC to reach an agreement remains more

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