Will OPEC Accidentally Sink Oil Prices?
- 6 years ago
The global cartel that's aimed at propping up oil prices could accidentally send them plummeting next year. This according to Thomas Pughs, an economist at Capital Economics.
Pughs predicts that if OPEC lifts its production caps at the end of the year, it's likely that oil prices will gradually fall in 2019 predicts Brent crude oil will drop to $55 a barrel from $75.
Pughs predicts that if OPEC lifts its production caps at the end of the year, it's likely that oil prices will gradually fall in 2019 predicts Brent crude oil will drop to $55 a barrel from $75.