Crude Awakening
Velshi
00:00
Oil Prices Are Priced Globally
On Wednesday, a coalition of oil producing nations announced that it will slash oil output by two million barrels a day. John Brennan: Higher oil prices mean higher gas prices and likely will drive prices back up after nearly a hundred days of gas price declines in America. He says high oil prices could mean higher inflation for a longer period of time. And even India would now, as a nuclear armed country, would have to think twice about supporting that sort of action.
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