Rocky Mountain Resources CEO Chad Brownstein Discusses Upcoming OPEC Announcement on CNBC’s “Closing Bell”
Rocky Mountain Resources CEO Chad Brownstein appeared on CNBC’s “Closing Bell” to discuss OPEC’s expected announcement on oil production later this week.
OPEC (Organization of the Petroleum Exporting Countries) is set to meet on November 27th to discuss the cartel’s response to falling crude prices. According to MarketWatch.com, “Oil prices have plunged more than 30% since midyear on growing global supplies of oil and weak demand growth.”
Brownstein discussed the impact of the “Iran versus Saudi issue” in the Middle East as well as the state of US oil markets. He went on speculate how low oil prices could fall in the months ahead.
Read the full article: http://chadbrownstein.com/chad-brownstein-discusses-opec-announcement-cnbc/