Here's What This Sunday's Oil Summit Will Really Do to Oil Prices

Here’s What This Sunday’s Oil Summit Will Really Do to Oil Prices

by | published April 14th, 2016

On Sunday, April 17, most of OPEC and some non-OPEC countries, including Russia and Mexico, will meet in Doha to discuss capping oil production.

Energy markets are abuzz with rumor and speculation about this meeting, what will be decided, and how it will affect the price of oil.

Already, the oil market has reacted, pushing Western Texas Intermediate (the NYMEX oil benchmark rate) up more than 4.5% this week.

To cut through all the confusion, CNBC invited Dr. Kent Moors to Wednesday’s Power Lunch. Kent told them what he thinks will be agreed on in Doha, where it will move oil prices, and why Iran’s resistance doesn’t matter.

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  1. Billy Autry
    May 23rd, 2016 at 14:30 | #1

    Thanks need all the help I can get.

  2. July 8th, 2017 at 23:17 | #2

    Kent, is it time now to buy a few good oil stocks?
    And I couldn’t find those 3 oil stocks that you recommended.

    Long time ago, when ND’s Bakken found to be lucrative, you said start buying. I couldn’t handle it, everything was
    Going down. I couldn’t hold on, so I sold. Once I sold all of them, I started buying again, and couldn’t afford to buy the
    Good ones. I lost a ton, that’s why I ask about the timing here.
    Thanks Kent, Harold

  3. November 2nd, 2017 at 07:49 | #3

    How can I get a low price for getting in I don’t have a lot of money can I get it for a$2 or $3 to make money back

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