The OPEC ministers are talking lower oil supplies in the spring. Maybe they believe that global slowdown will cut demand. Or, perhaps they just like the profits from crude selling above $90.
Rumors of a cut on production sent oil prices for March delivery above $97. It may have to wait to the end of the week to hit $100.
Douglas A. McIntyre
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
