Alva Review-Courier -

Of Mutual Interest: Reacting to volatile oil prices

 


NEW YORK (AP) — Just a month ago oil surged to its highest price in three years, and some investors were wondering if crude was again on its way to $100 a barrel.

Instead, the price has tumbled. Reports say OPEC plans to support an increase in production at this week's meeting, revamping an agreement that had capped production since late 2016. Trade tensions have also played a part in the slide, as investors feel that escalating rounds of tariffs and disputes could impede global economic growth. U.S. crude is now 8 percent below the $72 a barrel it reached in mid-May, although it's still...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018