OPEC Deal Hangs In The Balance As A Lukewarm Iran Still Irritated At Trump

I would say a production rise is a done deal. The bigger question is more where it leaves OPEC going forward. That's from Saxo Bank's Ole Hansen, who spoke to Bloomberg Friday about the OPEC deal. "Closer cooperation with Russia, however, is likely to offset any negative impact of Iranian and Venezuelan protests", he continued. Over the course of the week, Iran has generally adhered to the combative tone they struck last weekend when it comes to whether it makes sense for the cartel and Rus
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2 thoughts on “OPEC Deal Hangs In The Balance As A Lukewarm Iran Still Irritated At Trump

  1. wage gains at a time when Americans still identify “high cost of living”

    AHE May – Up 2.7% YoY
    CPI May – Up 2.8%

    As you can see the high cost of living made real wages go negative.

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