OPEC using the last arrows in its quiver to try to move oil prices: words
Prior to November 2014, OPEC acted as the swing producer, raising or lowering production in order to send prices one way or another. Since making the decision to focus on market share instead of oil prices, the group has lost its control over prices for the most part, but OPEC continues to try and send prices higher with words rather than action.

“It baffles me that people still take those statements seriously,” Tom Pugh, a commodities analyst at Capital Economics tol...


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