Understanding OPEC's Surprise Move
Real Vision: Finance & Investing
00:00
OPEC's Plan to Stabilize Oil Prices
OPEC traditionally likes to keep it somewhere in the middle though, because if there is too much upward pressure on oil prices, as you just mentioned, that will kill demand. So are they just trying to keep it in a range here? Because we have people talking about $100 barrel of oil again. But I think the world can deal with a price that's triple digits. And yeah, I think they're just going to do what's best for the Middle East.
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