Tag: skeptical

OPEC is back in business and the market is sceptical: Kemp

Commentary about OPEC, output agreements tends to obsess about personalities and negotiating process The agreement, coming after many observers had written off the possibility of a deal, initially pushed crude prices sharply higher (“Saudi Arabia squeezes hedge funds with bearish bets on oil“, Reuters, Oct. 10). Flat prices and timespreads firmed as traders concluded the accord […]