Dustin Parrett

Why Are Oil Prices So Low? And Where Are They Headed Next?

Oil prices are down 14% on the year, despite OPEC starting and extending its 1.8-million-barrel oil production cut agreement in 2017.

The oil price drop surprised investors because OPEC reached a deal to cut oil production on Nov. 30, 2016.

Here’s why oil prices have dropped this year and why we expect they’ll rise over the summer to hit our latest oil price target…

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