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What's Next for Crude Oil Prices and Stocks After OPEC Meeting
Last week's OPEC meeting in Vienna, Austria, was billed as the most important gathering of the cartel in years, with huge implications for crude oil prices.
The meeting's importance was felt almost immediately. After OPEC nations announced they would not cut oil production, oil prices plummeted. WTI crude oil is now down 37.8% from June and Brent oil is down nearly 40%.
Last week's OPEC meeting in Vienna, Austria, was billed as the most important gathering of the cartel in years, with huge implications for crude oil prices.
The meeting's importance was felt almost immediately. After OPEC nations announced they would not cut oil production, oil prices plummeted. WTI crude oil is now down 37.8% from June and Brent oil is down nearly 40%.