Commodity Markets Update: A View from the Top with Saad Rahim
The HC Commodities Podcast
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OPEC's Decline Signals a Dramatic Shift in Policy
OPEC's decision to cut oil prices was a surprise, says John Defterios. The group has been trying to preserve what it views as a stable or balanced market, he says. But at $70 or even $60 on for WTI, those are levels that don't work for members of the group, defterios adds. That means there is a sweet spot somewhere in there that then says, "Okay, this market balances"
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