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Sep 26, 2016

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Home » Oil » Investment Cutbacks Threaten Future Supply – Oil Traders Buying Call Options

Investment Cutbacks Threaten Future Supply – Oil Traders Buying Call Options

Posted by Option_Banque in Oil - September 20th, 2016 7:59 pm GMT

U.S light, sweet crude trimmed earlier losses on Tuesday, powered by warnings from OPEC’s new Secretary-General Mohammed Barkindo that sharp cutbacks in investment by oil firms may pose a threat to global supply in the future.

The head of the OPEC oil cartel stated that after slashing investment by 26 percent last year, petroleum firms may cut investment by another 22 percent this year. Talking about the informal meeting next week, between OPEC and non-OPEC nations to discuss efforts to reach an output freeze, Barkindo said that Iran had committed to participate in efforts to stabilize the oil market and prop up prices.


Trade suggestion
Buy Digital Call Option from 43.70 to 43.90 valid until 20:00 GMT September 20, 2016

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