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Cheap Oil's Great, Except When It Isn't - Bloomberg View
Bloomberg View | Cheap Oil's Great, Except When It Isn't Bloomberg View Brent crude hit an 11-year low of $36.20 on Tuesday, in part because OPEC has ceased to function. So, ding dong, the cartel is dead. By all means sing and ring the bells out. Just not too loudly. This isn't, of course, the first time that oil prices ... Oil back at $95 – but only in 24 years' time: OPEC OPEC Report Suggests Oil-Price Rebound, Supply Cut OPEC expects oil prices to go up to $70/bbl mid-term |
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