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RSS FeedsFor crude, fighting fire with fire
(WorldNews Business)

 
 

27 may 2018 04:27:18

 
For crude, fighting fire with fire
(WorldNews Business)
 


Some three weeks back, on April 20 to be exact, the WTI hit a three-year high above $69 a barrel and Brent above $73 a barrel, prompting US President Donald Trump to blast the Organisation of Petroleum Exporting Countries (Opec). He underlined in very clear terms that this was not acceptable. `Looks like Opec is at it again,` he tweeted. `With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!` In the meantime, crude prices went even higher, crossing $80 per barrel (bbl) mark briefly last week. With the US opting out of the Iran nuclear deal and Mike Pompeo threatening Tehran with...


 
17 viewsCategory: Business
 
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