Why OPEC Won’t Agree to an Oil Deal (Yet)

The market is once again awash with rumors of a new OPEC deal to cut or freeze oil production. CCTV wanted to know what to make of this, so they invited Dr. Kent Moors to explain.

In this video, Kent explains why you shouldn’t believe the rumors about a deal in September… but also why a deal is likely later this year, despite internal OPEC rivalries, and where oil is headed in Q1 2017.

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