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Doha OPEC Meeting Dominating Trade

Doha OPEC Meeting Dominating Trade

4 Years ago | April 17, 2016 00:00:00

John M. Bland, MBA, CTA


Shifting Trading Sands

Crude Oil markets have been on edge for the past two weeks heading into the OPEC meeting this weekend in Doha, Qatar. Odds are its outcome will be anti-climatic following reports of an agreement between Russia and Saudi Arabia to cap oil production at January levels. January saw production at near-record levels, so this "cap" is not being seen as onerous.

Furthermore, Iran is unlikely to participate in any production limitation as it continues to ramp up product

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