In today’s briefing:
- Oil Prices Soar when OPEC Cuts Production
Oil Prices Soar when OPEC Cuts Production
- Since 1990, OPEC has announced a production cut on 26 occasions.
- Historically, oil prices have done well after OPEC announced a production cut, especially between three and 12 months after the announcement.
- Expanding the analysis to commodity returns reveals that even though the prices of oil futures tend to fare well after oil production cut announcements, this is less so for Commodities.
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