EIA Forecast and OPEC Meeting Move Oil Price

EIA Forecast and OPEC Meeting Move Oil Price

The oil market continues to experience price volatility as shifting variables test investors’ fortitude. An August 8 OPEC meeting and the Energy Information Administration’s (EIA) Short-Term Energy Outlook, released the same day, combined to create discordant expectations for production levels through to 2018. Investors held lofty expectations for the OPEC…

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