Oil prices are plunging: here's a list of the winners and losers
Livewire
Oil prices are plunging: here's a list of the winners and losers. The New York Times reports that the price of oil was down more than 9.9% Friday afternoon after the Organization of the Petroleum Exporting Countries decided it would not cut back production significantly in the months ahead. It seem's OPEC is playing a long-term game in which it tries to obliterate some of its American competition by letting prices fall in the hope that some American producers go bankrupt. So who are the real winners and losers when it comes to a plunging oil price? Read the article here: (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise