Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

US Consumers Should Feel Muted Impact From Rising Oil Price

Duration: 00:39s - Published: < > Embed
News video: US Consumers Should Feel Muted Impact From Rising Oil PriceOPEC's decision to cut production immediately boost oil prices, but the bump will not likely impact US consumers. The international cartel agreed to cut output by 1.2 million barrels a day. If the member nations follow through on the production cut, global oil production may fall by 1-percent. The agreement led to a rally of 12-percent for oil prices over two days, raising the price per barrel over $50. Crude has traded between $40 and $50 a barrel the last several months.

0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Recent related news

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020 – Analysis

By Haley Zaremba As oil prices remain unsteady and OPEC continues to make headlines every hour,...
Eurasia Review - WorldAlso reported by •OilPrice.com


Saudi Finance Minister: “I Wouldn't Care If The Oil Price Is Zero"

The Saudi Deputy Crown Prince Mohammed bin Salman unveiled the nation’s ambitious “Vision 2030”...
OilPrice.com - MarketsAlso reported by •DNA


Denver energy company nixes North Dakota asset sale, blames oil price uncertainty

A Denver energy company has canceled plans to sell its assets in North Dakota, blaming the...
bizjournals - Business

Rise In Rig Count Threatens To Undermine Recent Oil Price Spike

The number of active oil and gas rigs in the United States rose for the eighteenth straight week,...
OilPrice.com - Markets

OPEC Failure Could Lead To Downgrade Of Entire Oil Sector

If the OPEC meeting in Vienna fails to shock oil prices upwards, Deutsche Bank analysts would “feel...
OilPrice.com - Markets

OPEC should work towards "responsible price”: Dharmendra Pradhan

India today once again asked oil cartel OPEC to stop charging premium from its Asian buyers saying...
All India Radio - India

White House says plan to reduce oil stockpile would not harm U.S. oil prices

The Trump administration's plan to halve the nation's emergency oil stockpile would not harm the...
DNA - World

Oil Prices Rise As Most OPEC Members Back Deal Extension

Oil prices erased early losses to rise on Thursday afternoon after Algeria’s Energy Minister...
OilPrice.com - Markets


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+