OPEC’s “Deal” is a Game-Changer for Oil – But Only if They Do This First

by | published September 30th, 2016

What a difference a few days can make for oil.

Coming into this week, oil was drifting down, on doubts about the rumored OPEC oil deal. Then, on Wednesday, several OPEC oil ministers announced that they’d agreed to cap production.

Almost instantly, U.S. oil prices shot up 6%.

But come Thursday, the enthusiasm had waned, as traders really looked into OPEC’s oil deal… and didn’t like what they saw.

Now, as with any supposed deal between countries that are at each other’s throats, the devil will be in the details. That’s certainly the case here.

But analysts saying OPEC’s announcement was a complete failure are wide off the mark.

So today, I’m going to walk you through the details of this plan…

And show you exactly why this deal will be a game-changer for oil…

When the Real OPEC Oil Deal Will Happen

by | published September 28th, 2016

When OPEC and Russia didn’t agree to cap oil production in the International Energy Forum in Algiers, CNBC’s Closing Bell invited Dr. Kent Moors to explain why, and what’s next.

In this video, Kent explains why a deal was never going to be agreed on in Algiers, when the real oil cap agreement will be concluded, and reveals his latest oil price forecast.

Click here to watch the full interview.