Edition: United States  
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

ConocoPhillips latest to offload its Canadian oil sands assets, following similar recent moves by Royal Dutch Shell and Marathon Oil

US group ConocoPhillips (NYSE:COP) has become the latest oil major to offload its Canadian oil sands...
Proactive Investors - Business

4 Factors Driving Oil Prices This Summer

4 Factors Driving Oil Prices This SummerAuthored by Osama Rizvia via OilPrice.com, Uncertainty is dominating today’s oil markets, with...
Zero Hedge - Markets

Deep water driller Ocean RIG UDW sees shares sink as it files for Bankruptcy protection

Shares in rig contractor Ocean RIG UDW Inc (NYSE: ORIG) sank almost 70% to stand at $0.22 as the...
Proactive Investors - Business

NY Fed: "Oil Prices Fell Due To Weakening Demand"

NY Fed: Oil Prices Fell Due To Weakening DemandWhen it comes to the price of oil, both the sellside and oil producers have been adamant that the...
Zero Hedge - Markets

Melbana Energy eyes world-class oil exploration block in Cuba

Melbana Energy (ASX:MAY) has recently updated the exploration potential of its onshore Block 9 in...
Proactive Investors - Business

Debate renewed over economic benefits of Keystone pipeline

President Donald Trump is calling his administration's approval of the Keystone XL pipeline a new era...
SeattlePI.com - Business


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+