Business Insider | Efforts to set a $70 floor for oil might be doomed from the start Business Insider HOUSTON/NEW YORK (Reuters) - The safe money for oil traders is betting that Venezuela's plan to resurrect OPEC's old price band mechanism, attempting to set a $70 floor for the battered market, will be doomed from the start. Saudi Arabia, the group's ... What Should Investors Do About Oil? OPEC price plan may be the first step towards $70 oil floor |