OPEC+ Subtracts – What Investors Need to Know
October 11, 2022 at 11:28 AM EDT
Summary For energy investors, the key takeaway from the OPEC+ meeting is that the group is willing to defend a floor in oil prices, presumably around $90 per barrel for the global benchmark Brent. In effect, a two million-barrel-per-day (MMBpd) cut based on August targets means that roughly 1 MMBpd will come off the market [...] The post OPEC+ Subtracts – What Investors Need to Know appeared first on ETF Trends .
