Surging Oil Prices a Possibility, Investors – Be Diligent

Surging Oil Prices a Possibility, Investors - Be Diligent

Surging Oil Prices a Possibility, Investors – Be Diligent

Oil prices are increasingly likely to rise towards the end of the year and into 2024, we now expect, for two primary reasons.

The OPEC+ reductions to oil production announced last week of more than two million barrels a day — half of which come from Saudi Arabia — could run past the first quarter, according to the country’s Energy Minister.

Although the cuts have had little impact on prices so far, it could be reasonably expected that as the cuts continue, they will begin to fuel price rises — especially as there’s no obvious sign that the Saudis are in a rush to remove the reductions to the oil they send to the rest of the world.

Read more at Newsmax© 2023 Newsmax. All rights reserved.

Blogs

Alzheimer’s Tennessee Walk To Make Alzheimer’s A Memory!

Alzheimer’s Tennessee Walk To Make Alzheimer’s A Memory!

Find An Upcoming Walk Near You! Foothills Walk Alcoa High School Saturday, April 6 Knoxville Walk World’s Fair Park Saturday, April 13 Middle Tennessee Walk At Franklin The Park at Harlinsdale Farm Saturday, April 20 5 County Walk Historic Downtown Clinton Saturday, April 27 Tri-Cities Walk Willow Springs Park, Johnson City Saturday, April 27

Knoxville Opera 2024

Knoxville Opera 2024

Check out all the excitement that The Knoxville Opera has to offer this season, including the Rossini Festival April 20th, and Cendrillon May 3rd, 4th & 5th!

There is no custom code to display.

Headlines