Could OPEC Push Oil Back to $90? What Do the Charts Say?

[kreslik.news]

Oil has had a very tough time over the past few years after dropping from its 2014 high of $106.60. Trump’s new policies are pro-US oil production, and expansionary towards furthering fracking, which is more efficient and with recent comments coming out of Saudi Arabia, the Saudis don’t seem to want to curb production.

However, there is a meeting at the end of November where an agreement could be met regarding a production curb, with Iraq leading the proposal for the curb. The biggest aspect here though is the sway that Putin may have over this meeting. Putin has also said ... (read more)