William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints withGannett Co. Inc., and The Baltimore Sun.
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At the OPEC meeting today, member countries agreed to cut oil production for the first time since 2008, and that’s a huge deal for oil prices.
If OPEC failed to finalize an agreement after its surprise September announcement, the organization would have lost its clout as an effective manager of oil prices.
Now that OPEC has reaffirmed its viability, oil prices are going to be moving ahead of 2017…
Tags: OPEC meeting
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