Commodity Trade Mantra

Posts Tagged ‘WTI and Brent’

Is Putin’s Support For An OPEC Freeze A Game Changer for Crude?

The array of comments from OPEC and Russian officials over the past week could signal that a real effort might be underway to reach a deal on freezing production. Iraq would support a deal; Iran will attend the meeting & the potential for an OPEC deal received an endorsement from a surprising source – Russian President Vladimir Putin threw his weight behind a production freeze.

Global Economic Fears Cast Long Dark Shadow On Oil Price Rebound

The global economic unease may begin to reach American shores. Although an economic slowdown is no doubt a negative for oil prices, the news could provide enough justification for the Fed to hold off on raising interest rates. A delay in a rate hike could likely push up WTI and Brent.

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