The catch to the OPEC-Russia deal on oil? The U.S.
Oil prices have jumped as a result of deals in recent weeks between OPEC and non-OPEC members to cut production. Those boosts are a little speculative. After all, the limits don’t take effect for another few weeks. Still, there appears to be some optimism that oversupply will lessen. We’re even seeing signs of that in the U.S., which of course is not part of the deals. And which may throw the whole thing for a loop.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
