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Tag Archives: OPEC

WHAT'S NEXT FOR OIL?

Oil prices have gyrated wildly this week. On Tuesday, West Texas crude for immediate delivery briefly touched an all-time high above $42 a barrel. Today, though, OPEC agreed to supply 2 million extra barrels a day, starting July 1. Crude closed down 81 cents on the news, at $39.15.

WHAT’S NEXT FOR OIL?

Oil prices have gyrated wildly this week. On Tuesday, West Texas crude for immediate delivery briefly touched an all-time high above $42 a barrel. Today, though, OPEC agreed to supply 2 million extra barrels a day, starting July 1. Crude closed down 81 cents on the news, at $39.15.