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Commodities1 hour ago (Nov 07, 2017 04:27AM ET)
© Reuters. Oil at $70 before year’s end?- Following the corruption crackdown in Saudi Arabia, oil investors are starting to entertain a prospect that seemed unthinkable even a few weeks ago: crude trading above $70/bbl before the end of 2017.
- Markets seem to be reading the shakeup in two ways. Some are glad to see the Crown Prince continuing to push his reform agenda, as well as support for OPEC-backed cuts, while others see it as a roundup of rivals and consolidation of power.
- Crude futures +0.1% to $57.42/bbl.
- ETFs: , , , , , , , , , , , , , , , , , , USOI
- Now read: Hits – It’s Just The Start Of The Bull Trend
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Source: Investing.com
